Each foreign bank which is licensed to establish and maintain a West Virginia state agency or West Virginia representative office shall maintain or make available at any such office appropriate books, accounts and records in the English language reflecting: (i) All transactions effected by or on behalf of such office; and (ii) all actions taken in this state by employees of the foreign banking corporation located in this state to effect transactions on behalf of any office of the foreign bank located outside this state.
Structure West Virginia Code
Chapter 31A. Banks and Banking
Article 8F. The West Virginia International Banking Act
§31A-8F-1. Legislative Purpose
§31A-8F-3. General Regulation Authority; Language; u.s. General Accounting Principles
§31A-8F-5. Branches by Domestic Subsidiary Banks Owned by a Foreign Bank
§31A-8F-6. Authority of Affiliated Bank or Branch to Act as Agent for a Foreign Bank
§31A-8F-7. Direct Agency Offices of Foreign Banks; Necessity of Licensure
§31A-8F-8. Application to Establish and Maintain an Agency Office; Contents
§31A-8F-10. No Concurrent Maintenance of Federal Branches or Agencies
§31A-8F-11. Powers of a Foreign Bank Agency Office
§31A-8F-12. Representative Office of Foreign Banks; Necessity of Licensure
§31A-8F-13. Representative Office; Application
§31A-8F-14. Representative Office; Factors for Approval of Application
§31A-8F-15. Representative Office; Permissible Activities
§31A-8F-16. Posting of License
§31A-8F-17. Licenses Not Transferable
§31A-8F-19. Change of Control of Foreign Bank
§31A-8F-20. Relocation of Office; Written Notice Necessary
§31A-8F-21. Examination; Payment of Fees
§31A-8F-22. Supervision and Enforcement
§31A-8F-24. Confidentiality of Examination Reports
§31A-8F-25. Books, Accounts and Records
§31A-8F-27. Disclosure of Lack of Federal Deposit Insurance
§31A-8F-28. Capital Equivalency Deposit
§31A-8F-29. Voluntary Closure of Agency or Representative Office; Application