APPLICATION OF LARSON

No. C4-83-839.

350 N.W.2d 363 (1984)

In the Matter of the Application of Merle P. LARSON, President, and Kenneth A. Leyk, Executive Vice President and Cashier, State Bank of Grey Eagle to Amend the Certificate of Incorporation of said State Bank of Grey Eagle, Changing its Place of Business from the City of Grey Eagle to Frontage Road and Highway 71 South, in the City of Long Prairie, County of Todd, State of Minnesota. FIRST NATIONAL BANK OF LONG PRAIRIE, etc., et al., petitioners-objectors, Appellants, v. DEPARTMENT OF COMMERCE, et al., Respondents, State Bank of Grey Eagle, Intervening Respondent Below.

Supreme Court of Minnesota.

June 15, 1984.


Attorney(s) appearing for the Case

Richard H. Kyle, St. Paul, for 1st Nat'l Bank of Long Prairie and 1st State Bank of Swanville.

Jon J. Hoganson, St. Paul, for Lee State Bank of Browerville.

Christopher J. Dietzen, Andrew Mitchell, Minneapolis, for 1st Nat'l Bank of Long Prairie and 1st State Bank of Swanville.

Thomas F. Pursell, St. Paul, for Res. Commerce Commission et al.

Steven J. Johnson, Minneapolis, for State Bank of Grey Eagle.

Heard, considered and decided by the court en banc.


YETKA, Justice.

This appeal presents a question under Minn.Stat. § 47.52 (1982), the "home office protection rule" of Minnesota's detached banking facilities law. The home office protection rule prohibits establishment of a branch bank in a community of under 10,000 unless all banks with main offices in the community have provided their written consent.

In this case, the State Bank of Grey Eagle seeks relocation of its main office from Grey Eagle to Long...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases