13-2-901. Purpose.
(a) This article is intended generally to ensure that:
(i) Interstate state branches of out-of-state foreign banks may be established and operated in this state:
(A) To the extent consistent with the provisions of 12 U.S.C. section 3103; and
(B) Under terms and conditions that are comparable to and no less favorable than those applicable to the establishment of interstate federal branches in this state by out-of-state foreign banks.
(ii) The laws and regulations of this state applicable to the establishment of interstate state branches in this state by out-of-state banks do not, in a manner inconsistent with the laws and policies of the United States, discriminate against the establishment of interstate state branches in this state by out-of-state domestic banks that are owned or controlled by foreign banks or other foreign persons.
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