---
kind: "section"
citation: "12 C.F.R. § 347.103"
title: "12"
number: "347.103"
heading: "Effect of state law on actions taken under this subpart."
url: "https://uscodex.org/cfr/12/347.103"
---

# §347.103. Effect of state law on actions taken under this subpart.


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

### 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.