This subdivision is intended generally to ensure that interstate New Hampshire state branches of out-of-state foreign banks may be established and operated in this state:
I. To the extent consistent with the provisions of section 5 of the federal International Banking Act; and
II. Under terms and conditions that are generally comparable to and no less favorable than those applicable to the establishment of interstate federal branches in this state by out-of-state foreign banks.
Source. 1997, 236:1, eff. July 1, 1997.