Part 3: ORGANIZATION AND STRUCTURE OF FINANCIAL INSTITUTIONS
Chapter 37: INTERSTATE BRANCHING, MERGERS, CONSOLIDATIONS AND ACQUISITIONS
§377. Corporate filing requirements
1.Applicability of Title 13-C.
An out-of-state financial institution, federal association or national bank with a home state other than this State that
seeks to establish and operate a branch in this State as the result of an interstate combination, branch acquisition or de
novo establishment pursuant to this chapter shall comply with the filing requirements for foreign corporations under Title
13-C. The approval of the filing of an out-of-state financial institution, federal association or national bank by the Secretary
of State does not authorize the operation of a branch in this State by an out-of-state financial institution, federal association
or national bank until the notice required pursuant to subsection 2 has been filed.
[
RR 2001, c. 2, Pt. B, §13 (COR);
RR 2001, c. 2, Pt. B, §58 (AFF)
.]
2.Notice to the superintendent required.
An out-of-state financial institution, federal association or national bank is not authorized to do business in this State
pursuant to this chapter until copies of the documents filed with the Secretary of State pursuant to Title 13-C have been
received by the superintendent.
[
RR 2001, c. 2, Pt. B, §13 (COR);
RR 2001, c. 2, Pt. B, §58 (AFF)
.]
SECTION HISTORY
1995, c. 628, §20 (NEW).
RR 2001, c. 2, §B13 (COR).
RR 2001, c. 2, §B58 (AFF).
Data for this page extracted on 10/16/2012 08:19:53.