384-F:1 Title and Purposes. – I. This chapter shall be known and may be cited as the "New Hampshire International Banking Act." II. This chapter is intended generally to provide for state regulation of the participation by foreign banks in the financial markets of this state. III. Consistent with the federal International Banking Act, […]
384-F:10 Application to Establish and Maintain a Branch or Agency; Contents. – A foreign bank, in order to procure a license under this chapter to establish and maintain a New Hampshire state branch or New Hampshire state agency shall submit an application to the commissioner, in a form prescribed by the commissioner in rules […]
384-F:11 Application to Establish and Maintain a Branch or Agency; Manner of Filing and Determination. – I. A foreign bank making an application under this chapter for a license to establish and maintain a New Hampshire state branch or New Hampshire state agency shall deliver to the commissioner: (a) At least 2 duplicate originals […]
384-F:12 Application Fee. – Upon applying to the commissioner under this chapter for a license to establish and maintain a New Hampshire state branch or New Hampshire state agency, a foreign bank shall pay to the commissioner an application fee of $1,500 for each branch or agency. Source. 1997, 236:1, eff. July 1, 1997.
384-F:13 No Concurrent Maintenance of Federal Branches or Agencies. – I. No foreign bank which is licensed under this chapter to establish and maintain a New Hampshire state branch or New Hampshire state agency shall concurrently maintain a federal branch or federal agency in this state. II. No foreign bank which maintains a federal […]
384-F:14 Powers of Branch and Agency. – I. Except as otherwise specifically provided in this subdivision or in rules or orders adopted by the commissioner, and notwithstanding any other law or rule of this state to the contrary, operations of a foreign bank at a New Hampshire state branch or New Hampshire state agency […]
384-F:15 Fiduciary Activities. – I. No foreign bank which is licensed to establish and maintain a New Hampshire state branch or New Hampshire state agency shall engage in fiduciary activities at such office unless such foreign bank shall have first obtained a certificate of authority from the commissioner to engage in fiduciary activities at […]
384-F:16 Authority to Act as Agent. – I. A New Hampshire state branch or New Hampshire state agency of a foreign bank licensed under this chapter may receive deposits, renew time deposits, close loans, service loans, and receive payments on loans and other obligations as an agent for any depository institution affiliate of such […]
384-F:17 Representative Office of Foreign Banks; Necessity of Licensure. – I. No foreign bank shall establish or maintain a New Hampshire state representative office unless such foreign bank is licensed by the commissioner to maintain such a New Hampshire representative office. II. Nothing in paragraph I shall be deemed to prohibit a foreign bank […]
384-F:18 Representative Office; Application. – I. The application for a license to establish and maintain a New Hampshire representative office shall be in writing under oath and shall be in such form and contain such information as the commissioner may require by rule, adopted pursuant to RSA 541-A, or order. The application shall be […]
384-F:19 Representative Office; Factors for Approval of Application. – I. A foreign bank making an application for a license to establish and maintain a New Hampshire representative office shall deliver to the commissioner 2 duplicate originals of the foreign bank’s application. II. The commissioner shall issue a license to a foreign bank to establish […]
384-F:2 Definitions. – For purposes of this chapter: I. "Bank" means any bank as defined in: section 2(c) of the Bank Holding Company Act (12 U.S.C. section 1841(c)); section 3(a)(1) of the Federal Deposit Insurance Act (12 U.S.C. section 1813(a)(1)), other than a branch of a foreign bank; or, as the context may require […]
384-F:20 Representative Office; Permissible Activities. – I. A foreign bank which is licensed to establish and maintain a New Hampshire representative office may, subject to such rules as the commissioner may adopt pursuant to RSA 541-A, engage in the following activities: (a) Solicitation for loans and in connection therewith the assembly of credit information, […]
384-F:21 Representative Office; Revocation of License. – The commissioner, after notice and opportunity for a hearing, may revoke a license to establish and maintain a New Hampshire representative office if he or she finds: I. The foreign bank has violated any provision of this chapter or any other law or rule of this state; […]
384-F:22 Posting of License. – Each foreign bank which is licensed to establish and maintain a New Hampshire state branch, New Hampshire state agency, or New Hampshire representative office shall post its license in a conspicuous place at such office. Source. 1997, 236:1, eff. July 1, 1997.
384-F:23 Licenses Not Transferable. – No license issued by the commissioner in accordance with this chapter shall be transferable or assignable. Source. 1997, 236:1, eff. July 1, 1997.
384-F:24 Appointment of Commissioner as Agent for Service of Process. – I. A foreign bank which is licensed to establish and maintain a New Hampshire state branch, New Hampshire state agency, or New Hampshire representative office shall file with the commissioner an instrument irrevocably appointing the commissioner and his or her successors in office […]
384-F:25 Service of Process. – I. Service of any lawful process in any judicial or administrative proceeding against the foreign bank or any of its successors which arises out of the foreign bank’s activities in this state shall be made on the commissioner by delivering to and leaving with him or her, or with […]
384-F:26 Filing of Amendments to Articles of Incorporation. – A foreign bank which is licensed to maintain a New Hampshire state branch or New Hampshire state agency, whenever its articles of incorporation are amended, shall forthwith file with the commissioner a copy of such amendment duly authenticated by the proper officer of the country […]
384-F:27 Amended License to Establish and Maintain a Branch or Agency. – I. A foreign bank which is licensed to establish and maintain a New Hampshire state branch or New Hampshire state agency must secure an amended license if it changes its corporate name, changes the duration of its corporate existence, or desires to […]
