State branch or agency: Application and fee for license; limitation on licensing.
1. A foreign bank which desires to obtain a license under this chapter to establish and maintain a state branch or agency shall submit an application to the Commissioner pursuant to NRS 666.315. The application must contain:
(a) The same information as required by the Board of Governors of the Federal Reserve System for an application to establish a branch or agency, as the case may be, in the United States; and
(b) The information required pursuant to NRS 666.315,
Ê and must be accompanied by the fee required by that section.
2. A foreign bank which is licensed under this chapter to establish and maintain a state branch or agency may not concurrently maintain a federal branch or agency in this state. A foreign bank which maintains a federal branch or agency in this state may not concurrently be licensed under this chapter to maintain a state branch or agency.
Last modified: February 26, 2006