Subd. 1. Trust powers.

A bank that holds trust powers may conduct the activity through a host state branch provided it complies with section 303.25.

Subd. 2. Filing with secretary of state.

Notwithstanding section 303.03, the branch in a host state must operate under a certificate of authority filed with the Minnesota secretary of state.

Subd. 3. Definition.

For purposes of this section, "host state" means a state other than the home state, as defined in section 48.92.

* NOTE: This section expires May 31, 1997. Laws 1995, *chapter 202, article 4, section 24.