§347.103. Effect of state law on actions taken under this subpart.
12 C.F.R. § 347.103
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.
Notes, amendments, and revision history
Authority
Authority: 12 U.S.C. 1813, 1815, 1817, 1819, 1820, 1828, 3103, 3104, 3105, 3108, 3109; Pub L. No. 111-203, section 939A, 124 Stat. 1376, 1887 (July 21, 2010) (codified 15 U.S.C. 78o-7 note).
Source
Source: 70 FR 17560, Apr. 6, 2005, unless otherwise noted.