12 CFR 347.103
§ 347.103 Effect of state law on actions taken under this subpart.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 347.103, § 347.103 Effect of state law on actions taken under this subpart, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/46851
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Full text
A bank may acquire and retain equity interests in a foreign organization or establish a foreign branch, subject to the requirements of this subpart, if it is authorized to do so by the law of the state in which the bank is chartered.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.