Effect of Existing Banks

Effect on Existing Banks. All Commonwealth banks and, to the extent applicable, all banks carrying on banking business from within the Commonwealth shall hereafter be operated in accordance with the provisions of this division, subject to the provisions of 4 CMC §§ 6216 and 6234 and to the extent that the provisions of this division are not inconsistent with, and do not infringe upon, paramount federal laws governing banks. Source: PL 3-104, § 1101.