{"data":{"id":"us-mn/minn.-stat.-50.01","jurisdiction":"us-mn","citation":"Minn. Stat. § 50.01","heading":"EXPEDIENCY ASCERTAINED.","body":"To enable the commissioner of commerce to determine the expediency of the organization of a savings bank, as in this chapter prescribed, the commissioner shall investigate and ascertain:\n(1) whether greater convenience of access to a savings bank will be afforded to any considerable number of depositors by opening the proposed bank;\n(2) whether the population in the vicinity of the location of the bank affords reasonable promise of adequate support therefor; and\n(3) whether the responsibility, character, and general fitness of the persons named as directors in the certificate are such as to command the confidence of the community in the proposed bank.","path":["BANKING","CHAPTER 50. SAVINGS BANKS"],"source_url":"https://www.revisor.mn.gov/statutes/cite/50.01","current_through":"2025 Minnesota Statutes","vintage":"","retrieved_at":"2026-09-02T22:10:27Z","sha256":"8ebf0fb31284c46e2880c117cad02afc455e5a6ce98a01809b79d4e44ca12d22","source_id":"us-mn","stale":false,"prev":"us-mn/minn.-stat.-50.001","next":"us-mn/minn.-stat.-50.02"},"notice":"GroundRules: Original legal text. Not legal advice."}