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Minn. Stat. § 48.35

CLEARINGHOUSES.

Known as the Interstate Banking Act

The act spans §§ 48–48 (81 sections).

(7697) RL s 3008; 1985 c 248 s 70

Clearinghouses may make and enforce suitable provisions for effecting, at one place, daily exchanges and the settlement and adjustment of accounts between banks in the same locality and, under appropriate rules, may issue clearinghouse certificates for those purposes only, and may otherwise act in maintaining and enforcing uniformity of methods and harmonious action in banking business.

Official source: Minnesota Office of the Revisor of Statutes. Reproduced from public-domain Minnesota statutes; confirm against the official source for the current text. Not legal advice.