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6.16 De Novo Branching into States

<< Title VI Overview

6.16 De Novo Branching into States

 

 


6.16.        De Novo Branching into States.  The Act continues the long running breakdown of barriers to interstate operations. It provides that if the law in the state in which a de novo branch is proposed to be located would permit the establishment of a bank branch by a state bank organized in that state, a national bank or state insured bank from a different state may establish a de novo branch in the new state. [§ 613]