{"data":{"id":"us-mn/minn.-stat.-48a.22","jurisdiction":"us-mn","citation":"Minn. Stat. § 48A.22","heading":"ENFORCEMENT.","body":"Subdivision 1. General authority of commissioner.\n(a) Consistent with hearing provisions of sections 46.23 to 46.33, if the commissioner finds that:\n(1) an office maintained by an out-of-state trust institution in this state is being operated in violation of the laws of this state or in an unsafe and unsound manner; or\n(2) a company is engaged in an unauthorized trust activity,\nthe commissioner may take any enforcement action the commissioner could take if the office or the company were a state trust company including, but not limited to, issuing an order temporarily or permanently prohibiting the company from engaging in a trust business in this state.\n(b) The commissioner may determine by order that an out-of-state trust institution engaging in or proposing to engage in a trust business in this state does not meet the requirements for establishing a representative trust office in this state according to section 48A.19, the order is effective on the date of issuance or another date the commissioner determines.\nSubd. 2. Immediate enforcement action; subsequent hearing.\nIn cases involving extraordinary circumstances requiring immediate action, the commissioner may take any action permitted by subdivision 1 without notice or opportunity for hearing but shall promptly upon application of the out-of-state trust institution afford a subsequent hearing to rescind the action taken. The commissioner shall promptly give notice to the home state regulator of each enforcement action taken against an out-of-state trust institution and, to the extent practicable, shall consult and cooperate with the home state regulator in pursuing and resolving the enforcement action.","path":["BANKING","CHAPTER 48A. TRUST COMPANIES","TRUST INSTITUTION OFFICES"],"source_url":"https://www.revisor.mn.gov/statutes/cite/48A.22","current_through":"2025 Minnesota Statutes","vintage":"","retrieved_at":"2026-09-02T22:10:27Z","sha256":"35c347014fe2407b8411a1a62cad5b80e4a8c1a91b6da7a7f707cd77ad0a95d0","source_id":"us-mn","stale":false,"prev":"us-mn/minn.-stat.-48a.21","next":"us-mn/minn.-stat.-49.01"},"notice":"GroundRules: Original legal text. Not legal advice."}