West Virginia § 31A-8F-12 Representative office of foreign banks; necessity of licensure

West Virginia Statutes

§ 31A-8F-12 — Representative office of foreign banks; necessity of licensure

West Virginia·Ch. 31A BANKS AND BANKING·Art. 8F THE WEST VIRGINIA INTERNATIONAL BANKING ACT

(a)No foreign bank shall establish or maintain a West Virginia state representative office unless the foreign bank is licensed by the commissioner to maintain a West Virginia representative office.

(b)Nothing in subsection (a) of this section shall be deemed to prohibit a foreign bank which maintains a federal agency or federal branch in this state from establishing or maintaining one or more West Virginia representative offices.

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(a) No foreign bank shall establish or maintain a West Virginia state representative office unless the foreign bank is licensed by the commissioner to maintain a West Virginia representative office.

(b) Nothing in subsection (a) of this section shall be deemed to prohibit a foreign bank which maintains a federal agency or federal branch in this state from establishing or maintaining one or more West Virginia representative offices.

West Virginia § 31A-8F-12 (Representative office of foreign banks; necessity of licensure) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.