RSA 384-F:19 Representative Office; Factors for Approval of Application.
Title: XXXV - BANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS
Chapter: 384-F - THE NEW HAMPSHIRE INTERNATIONAL BANKING ACT
I. A foreign bank making an application for a license to establish and maintain a New Hampshire representative office shall deliver to the commissioner 2 duplicate originals of the foreign bank's application.
II. The commissioner shall issue a license to a foreign bank to establish and maintain a New Hampshire representative office 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 representative office are adequate; and
(c) That the convenience and needs of persons to be served by the proposed New Hampshire representative office will be promoted.
III. If the commissioner determines to issue a license to a foreign ba