1. Regulations
  2. title 12
  3. chapter III-i1
  4. part 347
  5. § 347.103

View all text of Part 347 [§ 347.101 - § 347.305]

§ 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.

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: 70 FR 17560, Apr. 6, 2005, unless otherwise noted.

CITE AS: 12 CFR 347.103