§412:12-105  Authority of out-of-state banksto establish a de novo interstate branch or acquire an interstate branch. (a)  An out-of-state bank that does not operate a branch in this State and thatmeets the requirements of this article may establish and operate a branch inthis State.

(b)  An out-of-state bank that does not operatea branch in this State and that meets the requirements of this article mayestablish and operate a branch in this State through the acquisition of abranch.

(c)  An out-of-state bank desiring to establishand operate a branch or to acquire and operate a branch in this State pursuantto this section shall provide to the commissioner written notice of theproposed transaction not later than the date on which the bank applies to theresponsible federal bank supervisory agency for approval to establish oracquire the branch.  The filing of the notice shall be accompanied by a filingfee of $9,000 or a greater amount as the commissioner may establish by rulepursuant to chapter 91.  The filing fee shall be nonrefundable.

(d)  No branch of an out-of-state bank may beestablished or acquired in this State under this section, unless:

(1)  The out-of-state bank confirms in writing to thecommissioner that as long as it maintains a branch in this State, it shallcomply with all applicable laws of this State;

(2)  The applicant provides to the commissionersatisfactory evidence of compliance with the applicable requirements of chapter414 relating to foreign corporations; and

(3)  The commissioner, acting within thirty days afterreceiving notice of an application under subsection (c), certifies to theresponsible federal bank supervisory agency that the requirements of thisarticle have been met. [L 1996, c 155, pt of §1; am L 1999, c 283, §2; am L2002, c 40, §35]