An out-of-state bank which is a domestic subsidiary of, or controlled by a foreign bank, may establish branches in this state through merger, de novo entry or the acquisition of branches on the same terms as any other bank sharing that same home state pursuant to articles eight-d and eight-e of this chapter.
W. Va. Code § 31A-8F-5
Branches by domestic subsidiary banks owned by a foreign bank
Known as the West Virginia International Banking Act
The act spans §§ 31A-8F-1 to 31A-8F-9 (29 sections).
Official source: West Virginia Legislature. Reproduced from public-domain West Virginia statutes; confirm against the official source for the current text. Not legal advice.