§551.7. Requirements to operate; fees
A foreign bank may not maintain and operate a state agency, branch, or office in this state unless the foreign bank:
(1) Is authorized by its charter to carry on such a business and the foreign bank has complied with the laws of the country under which it is chartered.
(2) Has furnished to the commissioner proof of the nature and character of its business and of its financial condition that the commissioner requires.
(3) Has filed with the commissioner a certified copy of the information required by R.S. 6:551.6.
(4) Has paid an application fee to be determined by the commissioner as reasonable, fair, and sufficient for the management and oversight required by this Chapter.
(5) Has been issued a certificate of authority by the commissioner.
Acts 2004, No. 420, §1.
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.