§31A-8F-18. Amended License to Establish and Maintain a Direct Agency Office or Representative Office
(a) A foreign bank which is licensed to establish and maintain a West Virginia state agency or West Virginia representative office must secure an amended license if it changes its corporate name, changes corporate control, changes the duration of its corporate existence or desires to pursue in this state other or additional purposes than those […]
§31A-8F-19. Change of Control of Foreign Bank
A foreign bank which is licensed to establish and maintain a West Virginia state agency or West Virginia representative office shall file with the commissioner a written notice and request an amended license under section eighteen of this article no later than fourteen calendar days after the foreign bank becomes aware of any acquisition of […]
§31A-8F-20. Relocation of Office; Written Notice Necessary
No foreign bank which is licensed to establish and maintain a West Virginia state agency or West Virginia representative office shall relocate any office unless the foreign bank provides prior written notice to the commissioner and the commissioner has approved such relocation in writing.
§31A-8F-21. Examination; Payment of Fees
(a) A West Virginia state agency or West Virginia representative office shall be subject to examination by the commissioner at intervals and in a manner as he or she shall establish by rule or order. Unless otherwise provided by rule or order the examinations may be conducted annually. (b) In conducting an examination pursuant to […]
§31A-8F-22. Supervision and Enforcement
(a) The commissioner shall have all of the powers granted to him or her by the laws of this state to the extent appropriate to enable him or her to supervise each West Virginia state agency or West Virginia representative office. (b) If, after notice and a hearing, the commissioner finds that any person has […]
§31A-8F-23. Reports
(a) Each foreign bank which is licensed to establish and maintain a West Virginia state agency or West Virginia representative office shall file with the commissioner such reports as and when the commissioner may require. (b) Each report filed with the commissioner under this article or any rule or order issued under this article shall […]
§31A-8F-10. No Concurrent Maintenance of Federal Branches or Agencies
(a) No foreign bank which is licensed under this article to establish and maintain a West Virginia state agency shall concurrently maintain a federal branch or federal agency office in this state. (b) No foreign bank which maintains a federal branch or federal agency office in this state shall concurrently be licensed under this article […]
§31A-8F-11. Powers of a Foreign Bank Agency Office
(a) A West Virginia state agency office of a foreign bank established under this article may engage in the business of making loans and guaranteeing obligations for the financing of the international movement of goods and services and for all operational needs including working capital and short-term operating needs and for the acquisition of fixed […]
§31A-8F-12. Representative Office of Foreign Banks; Necessity of Licensure
(a) No foreign bank shall establish or maintain a West Virginia state representative office unless the foreign bank is licensed by the commissioner to maintain a West Virginia representative office. (b) Nothing in subsection (a) of this section shall be deemed to prohibit a foreign bank which maintains a federal agency or federal branch in […]
§31A-8F-13. Representative Office; Application
(a) The application for a license to establish and maintain a West Virginia representative office shall be in writing under oath and shall be in such form and contain such information as the commissioner may require by regulation or order. The application shall be accompanied by a fee of $250. (b) Each application to establish […]