West Virginia § 31A-8E-9 Enforcement

West Virginia Statutes

§ 31A-8E-9 — Enforcement

West Virginia·Ch. 31A BANKS AND BANKING·Art. 8E INTERSTATE BRANCHING BY DE NOVO ENTRY AND ACQUISITION OF BRANCHES

If the commissioner determines that a branch maintained by an out-of-state state bank in this state is being operated in violation of any provision of the laws of this state, or that such branch is being operated in an unsafe and unsound manner, the commissioner shall have the authority to take all such enforcement actions as he or she would be empowered to take if the branch were a West Virginia state bank: Provided, That the commissioner shall promptly give notice to the home state regulator of each enforcement action taken against an out-of-state state bank and, to the extent practicable, shall consult and cooperate with the home state regulator in pursuing and resolving said enforcement action.

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If the commissioner determines that a branch maintained by an out-of-state state bank in this state is being operated in violation of any provision of the laws of this state, or that such branch is being operated in an unsafe and unsound manner, the commissioner shall have the authority to take all such enforcement actions as he or she would be empowered to take if the branch were a West Virginia state bank: Provided, That the commissioner shall promptly give notice to the home state regulator of each enforcement action taken against an out-of-state state bank and, to the extent practicable, shall consult and cooperate with the home state regulator in pursuing and resolving said enforcement action.

West Virginia § 31A-8E-9 (Enforcement) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.