§31A-8F-12. Representative office of foreign banks; necessity of
licensure.
(a) No foreign bank shall establish or maintain a West
Virginia state representative office unless the foreign bank is
licensed by the commissioner to maintain a West Virginia
representative office.
(b) Nothing in subsection (a) of this section shall be deemed
to prohibit a foreign bank which maintains a federal agency or
federal branch in this state from establishing or maintaining one
or more West Virginia representative offices.