Representative offices; limitations; licenses; fees. No representative office shall conduct any banking business in this state. Each representative office shall be licensed by the Board, shall provide the Board with such information as the Board, by rule, deems necessary, and shall pay an initial nonrefundable
application fee and an annual renewal fee, both of which shall be set by the Board. Added by Laws 1992, c. 295, § 24, eff. July 1, 1992.