Interstate Bank Branching Act

The act governs the entry and operation of out-of-state state-chartered banks that seek to establish or maintain branches in the state, extending the state's banking laws to institutions chartered elsewhere. It establishes an application and approval process administered by the state banking commissioner, specifies the requirements such banks must meet, defines the activities they may conduct along with the restrictions on those activities, and requires notice or approval when control of an out-of-state bank changes. The commissioner is given corresponding oversight authority, including the power to adopt implementing regulations and to take enforcement action against out-of-state banks that violate the act.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.