81-7-17 - National banks may establish branches.
§ 81-7-17. National banks may establish branches.
National banks are hereby granted the right and authority to establish branches in this state, with the same rights and under the same restrictions as state banks establishing branches. But where federal statutes and regulations impose different restrictions, including minimum capital stock requirements, from those imposed by this state, then such federal restrictions may apply to such national banks instead of those of this state.
Sources: Codes, 1942, § 5234; Laws, 1934, ch. 146.