New Hampshire Revised Statutes 384-F:21 – Representative Office; Revocation of License
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The commissioner, after notice and opportunity for a hearing, may revoke a license to establish and maintain a New Hampshire representative office if he or she finds:
I. The foreign bank has violated any provision of this chapter or any other law or rule of this state; or
II. Any fact or condition exists which, if it had existed at the time of the foreign bank‘s original application for such license, would have resulted in the commissioner refusing to issue such license to the foreign bank.
I. The foreign bank has violated any provision of this chapter or any other law or rule of this state; or
Terms Used In New Hampshire Revised Statutes 384-F:21
- bank: as used in this chapter shall not in any event include a foreign bank or a branch or agency of a foreign bank. See New Hampshire Revised Statutes 384-F:2
- Commissioner: means the New Hampshire bank commissioner. See New Hampshire Revised Statutes 384-F:2
- Foreign bank: means any company organized under the laws of a foreign country, a territory of the United States, Puerto Rico, Guam, American Samoa, or the Virgin Islands, that engages directly in the business of banking. See New Hampshire Revised Statutes 384-F:2
- New Hampshire representative office: shall mean any such office that is located in this state. See New Hampshire Revised Statutes 384-F:2
- State: has the same meaning as is set forth in section 3(a)(3) of the Federal Deposit Insurance Act (12 U. See New Hampshire Revised Statutes 384-F:2
II. Any fact or condition exists which, if it had existed at the time of the foreign bank‘s original application for such license, would have resulted in the commissioner refusing to issue such license to the foreign bank.