New Hampshire § 384-F-11 - Section 384-F:11 Application to Establish and Maintain a Branch or Agency; Manner of Filing and Determination.

§ 384-F-11. Section 384-F:11 Application to Establish and Maintain a Branch or Agency; Manner of Filing and Determination.

I. A foreign bank making an application under this chapter for a license to establish and maintain a New Hampshire state branch or New Hampshire state agency shall deliver to the commissioner: (a) At least 2 duplicate originals of the foreign bank's application; and (b) At least 2 copies of its charter or articles of incorporation and all amendments thereto, duly authenticated by the proper officer of the country of such foreign bank's organization. II. The commissioner shall issue a license to a foreign bank to establish and maintain a New Hampshire state branch or New Hampshire state agency if he or she finds: (a) That the foreign bank is of good character and sound financial standing; (b) That the management of the foreign bank and the proposed management of the New Hampshire state branch or New Hampshire state agency are adequate; (c) That the convenience and needs of persons to be served by the proposed New Hampshire state branch or New Hampshire state agency will be promoted; and (d) That the foreign bank satisfies such other standards as the commissioner may establish in rules adopted pursuant to RSA 541-A. III. If the commissioner determines to issue a license to a foreign bank to establish and maintain a New Hampshire state branch or New Hampshire state agency, he or she shall, when all fees have been paid as required under this chapter: (a) Endorse on each application the date of the filing thereof; (b) File in his or her office one of such duplicate originals of the application and copies of the charter or articles of incorporation and amendments thereto; and (c) Issue a license to establish and maintain a New Hampshire state branch or New Hampshire state agency to such foreign bank. A duplicate original of the license issued by the commissioner, along with a certified copy of the foreign bank's charter or articles of incorporation and amendments thereto shall be filed with the New Hampshire secretary of state before such branch or agency shall commence business in the state of New Hampshire. A copy of any certificate or similar document issued by the secretary of state in connection with such filing shall be forthwith filed with the commissioner. IV. Each license issued to a foreign bank to establish and maintain a New Hampshire state branch or New Hampshire state agency shall state fully the name of the foreign bank to which such license is issued, and all such other information as the commissioner may require by rule or order.