West Virginia § 31A-8F-1 Legislative purpose

West Virginia Statutes

§ 31A-8F-1 — Legislative purpose

West Virginia § 31A-8F-1

Ch. 31ABANKS AND BANKING

Art. 8FTHE WEST VIRGINIA INTERNATIONAL BANKING ACT

This text of West Virginia § 31A-8F-1 (Legislative purpose) is published on Counsel Stack Legal Research, covering West Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

W. Va. Code § 31A-8F-1 (2026).

Text

(a)This article shall be known and may be cited as the "West Virginia International Banking Act".

(b)This article is intended generally to provide for state regulation of the participation by foreign banks in certain financial markets of this state.

(c)This article is intended:

(1)To authorize banking activities and operations in West Virginia by foreign banks having separately capitalized and domestically chartered banks in the United States through branches of such domestic banks in this state;

(2)To authorize agency and representative offices in this state of foreign banks; and

(3)To ensure that the banking laws and rules of this state otherwise apply to foreign banks, and to West Virginia and out-of-state banks and bank holding companies that are owned or controlled by forei

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

(a) This article shall be known and may be cited as the "West Virginia International Banking Act".

(b) This article is intended generally to provide for state regulation of the participation by foreign banks in certain financial markets of this state.

(c) This article is intended:

(1) To authorize banking activities and operations in West Virginia by foreign banks having separately capitalized and domestically chartered banks in the United States through branches of such domestic banks in this state;

(2) To authorize agency and representative offices in this state of foreign banks; and

(3) To ensure that the banking laws and rules of this state otherwise apply to foreign banks, and to West Virginia and out-of-state banks and bank holding companies that are owned or controlled by foreign banks, in a manner consistent with the laws and policies of the United States governing the operations in this country of foreign banks.