9-B §1328. Interstate operations of out-of-state foreign banks
Title 9-B: FINANCIAL INSTITUTIONS
Part 13: FOREIGN BANKS HEADING: PL 1997, C. 182, PT. B, §3 (NEW)
Chapter 131: FOREIGN BRANCHES, AGENCIES AND REPRESENTATIVE OFFICES HEADING: PL 1997, C. 182, PT. B, §3 (NEW)
§1328. Interstate operations of out-of-state foreign banks
1. Establishment. An out-of-state foreign bank may establish a branch or agency in this State in accordance with the procedures set forth in section 373, subsection 3. The establishment of that branch or agency may be de novo or through merger, acquisition or other consolidation.
[ 1997, c. 182, Pt. B, §3 (NEW) .]
2. Activities. The activities of branches or agencies located in this State by out-of-state foreign banks are governed by the provisions of this chapter and section 376, subsection 2.
[ 1997, c. 182, Pt. B, §3 (NEW) .]
SECTION HISTORY
1997, c. 182, §B3 (NEW).