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 § 31A-8F-12

Ch. 31ABANKS AND BANKING

Art. 8FTHE WEST VIRGINIA INTERNATIONAL BANKING ACT

This text of West Virginia § 31A-8F-12 (Representative office of foreign banks; necessity of licensure) 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-12 (2026).

Text

(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.