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This entry was published on 2014-09-22
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SECTION 202-D
Foreign banking corporation may not maintain both agencies and branches in this state
Banking (BNK) CHAPTER 2, ARTICLE 5
§ 202-d. Foreign banking corporation may not maintain both agencies
and branches in this state. No foreign banking corporation licensed to
maintain one or more agencies in this state shall be licensed to
maintain a branch in this state except upon termination of the operation
of such agency or agencies; and no foreign banking corporation licensed
to maintain one or more branches in this state shall be licensed to
maintain an agency in this state except upon termination of the
operation of such branch or branches.