WVC 31 A- 8 E- 3
§31A-8E-3. Interstate branching by West Virginia state banks
through de novo establishment or acquisition of branches in other states.
(a) Beginning on the thirty-first day of May, one thousand
nine hundred ninety-seven, and pursuant to the procedures and
standards established in either section twelve or section twelve-d,
article eight of this chapter, any West Virginia state bank may
establish and maintain a de novo branch or acquire a branch in a
state other than West Virginia, if the new branch is in conformity
with, and would be permitted under the laws of the state where the
branch is to be located.
(b) A West Virginia state bank desiring to establish and
maintain a branch in another state under this section shall file a
notice on a form prescribed by the commissioner and pay the branch
notice fee set forth in subsection (a), section twelve-d, article
eight of this chapter.
Note: WV Code updated with legislation passed through the 2016 Regular Session
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