§ 347.103. Effect of state law on actions taken under this subpart.
43 words·~1 min read·
/us/cfr/t12/s§ 347.103·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.