New Hampshire § 384-F:6 Operations in This State of Banks Owned or Controlled by Foreign Banks and Other Foreign Persons

New Hampshire Statutes

§ 384-F:6 — Operations in This State of Banks Owned or Controlled by Foreign Banks and Other Foreign Persons

New Hampshire·Title XXXV BANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS·Ch. 384-F THE NEW HAMPSHIRE INTERNATIONAL BANKING ACT·Subdivision Domestic Banks Owned or Controlled by Foreign Banks and Other Foreign Persons

I. Except as provided in paragraph II of this section:

(a)The laws and rules of this state governing the acquisition or ownership of controlling or other interests in New Hampshire banks or in out-of-state banks seeking to establish and maintain one or more interstate branches in this state shall not generally prohibit ownership of such institutions by, or otherwise discriminate against, foreign banks or other foreign persons, notwithstanding any provision of the laws or rules of this state to the contrary.

(b)The laws and rules of this state governing the powers and activities of New Hampshire banks and of out-of-state banks maintaining one or more interstate branches in this state shall not discriminate among such banks on the basis of their ownership or control by foreign banks or oth

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I. Except as provided in paragraph II of this section:
(a) The laws and rules of this state governing the acquisition or ownership of controlling or other interests in New Hampshire banks or in out-of-state banks seeking to establish and maintain one or more interstate branches in this state shall not generally prohibit ownership of such institutions by, or otherwise discriminate against, foreign banks or other foreign persons, notwithstanding any provision of the laws or rules of this state to the contrary.
(b) The laws and rules of this state governing the powers and activities of New Hampshire banks and of out-of-state banks maintaining one or more interstate branches in this state shall not discriminate among such banks on the basis of their ownership or control by foreign banks or other foreign persons, notwithstanding any provision of the laws or rules of this state to the contrary.
II. Notwithstanding the provisions of paragraph I the commissioner is authorized to apply any standards or requirements of the laws and rules of this state governing the ownership, control or operations of New Hampshire banks, even if applicable specifically or exclusively to foreign banks or other foreign persons, to the extent such standards or requirements are determined by rule or order of the commissioner to be either:
(a) Substantially equivalent to or consistent with the standards or requirements governing the ownership, control or operations of New Hampshire banks by foreign banks or other foreign persons under applicable U.S. federal laws or regulations; or
(b) Otherwise consistent with the laws and policies of the United States, including its international agreements governing financial services.

New Hampshire § 384-F:6 (Operations in This State of Banks Owned or Controlled by Foreign Banks and Other Foreign Persons) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.