West Virginia § 31A-5-5 Regulation and examination of performance of bank services

West Virginia Statutes

§ 31A-5-5 — Regulation and examination of performance of bank services

West Virginia·Ch. 31A BANKS AND BANKING·Art. 5 BANK SERVICE CORPORATIONS AND BANK SERVICES

No state bank may cause to be performed, by contract or otherwise, any bank services for itself, whether on or off its premises, unless written assurances satisfactory to the commissioner of banking are furnished to him by both the state bank and the party performing such services that the performance thereof will be subject to regulation and examination by the commissioner and any federal supervisory agency to the same extent as if such services were being performed by the state bank on its own premises.

Free access — add to your briefcase to read the full text and ask questions with AI

No state bank may cause to be performed, by contract or otherwise, any bank services for itself, whether on or off its premises, unless written assurances satisfactory to the commissioner of banking are furnished to him by both the state bank and the party performing such services that the performance thereof will be subject to regulation and examination by the commissioner and any federal supervisory agency to the same extent as if such services were being performed by the state bank on its own premises.

West Virginia § 31A-5-5 (Regulation and examination of performance of bank services) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.