§412:5A-206 - Acceptance of deposits and reserves.
§412:5A-206 Acceptance of deposits and
reserves. An international banking corporation may only accept deposits
subject to the provisions of this article. Whenever an international banking
corporation receives deposits in the United States, as may be authorized by
this section, it shall carry reserves in such amounts as the commissioner may
prescribe, but in no event less than ten per cent of its total deposits in the
United States. [L 1993, c 350, pt of §1]