(a) Purpose

(a) Purpose. This article is intended generally to ensure that: (i) Interstate state branches of out-of-state foreign banks may be established and operated in this state: (A) To the extent consistent with the provisions of 12 U.S.C. section 3103; and (B) Under terms and conditions that are comparable to and no less favorable than those applicable to the establishment of interstate federal branches in this state by out-of-state foreign banks. (ii) The laws and regulations of this state applicable to the establishment of interstate state branches in this state by out-of-state banks do not, in a manner inconsistent with the laws and policies of the United States, discriminate against the establishment of interstate state branches in this state by out-of-state domestic banks that are owned or controlled by foreign banks or other foreign persons.