§ 347.103 Effect of state law on actions taken under this subpart.
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Title 12 CFR: Banks and Banking › Chapter III: FEDERAL DEPOSIT INSURANCE CORPORATION › Part 347: INTERNATIONAL BANKING › § 347.103: § 347.103 Effect of state law on actions taken under this subpart.
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A bank may acquire and retain equity interests in a foreign organization or establish a foreign branch, subject to the requirements of this subpart, if it is authorized to do so by the law of the state in which the bank is chartered.
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