(a) A certificate of authority authorizes the out-of-state bank to which it is issued to transact business in this state subject, however, to the right of the state to revoke the certificate as provided in this chapter.
(b) An out-of-state bank with a valid certificate of authority has the same but no greater rights and has the same but no greater privileges as, and except as otherwise provided by this chapter, is subject to the same duties, restrictions, penalties, and liabilities now or later imposed on, a state bank of like character.
(c) This chapter does not authorize this state to regulate corporate governance matters of an out-of-state bank authorized to transact business in this state.
Section: Previous 23-48-1002 23-48-1003 23-48-1004 23-48-1005 23-48-1006 23-48-1007 23-48-1008 23-48-1009 23-48-1010 23-48-1011 NextLast modified: November 15, 2016