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In United States business law, a registered agent, also known as a resident agent or statutory agent, is a business or individual designated to receive service of process when a business entity is a party in a legal action such as a lawsuit or summons. The registered agent's address may also be where the state sends the paperwork for the periodic renewal of the business entity's charter. The registered agent for a business entity may be an officer or employee of the company, or a third party, su
Their activities on their own are limited, as they are created solely to act as agents, not independent banks. An agency bank does not accept deposits or make loans. It processes payments and activities on behalf of the foreign bank.It also issues American Depository Receipts (ADRs), allowing people to trade foreign stock on the US stock market. ADRs represent stock shares held in trust by the parent bank.heir activities on their own are limited, as they are created solely to act as agents, not independent banks. An agency bank does not accept deposits or make loans. It processes payments and activities on behalf of the foreign bank.