§ 412-13-300

§412:13-300 Purposes. This part is generally intended to ensure that interstate state branches of out-of-state foreign banks may be established and operated in this State: (1) To the extent consistent with the provisions of section 5 of the federal International Banking Act; and (2) Under terms and conditions that are generally comparable to and no less favorable than those applicable to, the establishment of interstate federal branches in this State by out-of-state foreign banks. [L 1996, c 155, pt of §2]