reglab/housing_qa huggingface dataset:
NH Rev Stat § 383-B:4-405 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-B - Depository Bank Act|Section 383-B:4-405 - Joint Accounts.

    383-B:4-405 Joint Accounts. –||A person or persons may establish a deposit account at a state or foreign depository bank doing business in this state pursuant to a written agreement. The written agreement shall govern the rights of any person who is named as an owner of the account. In the absence of a written agreement, if 2 or more persons are named on a deposit account as owners, the account shall be payable to any owner, and in the event of death, to the survivor or survivors of them. The survivors shall be entitled to ownership of the account whether or not (i) the funds deposited were the property of only one or some of the owners, (ii) at the time of the making of such deposits there was any intention on the part of the owners making such deposit to vest the other owner or owners with a present interest therein, (iii) only one of the owners during their several lives had the right to withdraw such deposit, or (iv) there was any delivery of any bank book, account book, savings account book, certificate of deposit, or other evidence of such an account, by the owner or owners making such deposit to the other owner or owners. The receipt by an owner of the account of any payment from the account made by the depository bank on the owner's request shall discharge the depository bank from any liability for any payment so made. Nothing in this paragraph shall be construed to prohibit an owner making a deposit or deposits from withdrawing the deposit during his or her lifetime, nor shall the existence of the right to withdraw the deposit during his or her lifetime defeat the rights provided herein for the owner or his or her survivors.|||Source. 2016, 230:11, eff. Aug. 8, 2016.|
NH Rev Stat § 383-B:4-406 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-B - Depository Bank Act|Section 383-B:4-406 - Minor Accounts.

    383-B:4-406 Minor Accounts. –||Depository banks may pay to a minor deposits to his or her credit as if he or she were of age, and the receipt by the minor shall discharge the depository bank of any liability for any payment so made. A minor shall have the power of a person of lawful age to pledge a deposit account that is owned or co-owned by the minor in order to secure a collateral obligation not exceeding the amount of the account.|||Source. 2016, 230:11, eff. Aug. 8, 2016.|
NH Rev Stat § 383-B:4-407 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-B - Depository Bank Act|Section 383-B:4-407 - Foreign Banks.

    383-B:4-407 Foreign Banks. –||The provisions of this section shall also apply to deposits maintained in this state by foreign banks.|||Source. 2016, 230:11, eff. Aug. 8, 2016.|
NH Rev Stat § 383-B:6-601 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-B - Depository Bank Act|Section 383-B:6-601 - Mutual Banks and Mutual Holding Companies.

    383-B:6-601 Mutual Banks and Mutual Holding Companies. –||This article sets forth the special requirements for mutual banks and mutual holding companies in this state.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-B:6-602 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-B - Depository Bank Act|Section 383-B:6-602 - Capital Debentures; Special Deposits.

    383-B:6-602 Capital Debentures;  Special Deposits. –||The initial capital required to organize a mutual bank shall be in the form of capital debentures or special deposits. The commissioner shall first approve the maturity, interest rate, and repayment provisions of each debenture or special deposit. No retirement of capital debentures or special deposits, in whole or in part, shall be permitted which would leave its capital less than the minimum amount required by the commissioner. The total amount of the capital debentures or special deposits of a mutual bank held by any other bank shall not at any time exceed 10 percent of the total amount of capital debentures or special deposits issued by the mutual bank. The capital debentures shall be transferable only on the books of the mutual bank and shall be subordinate to all general deposits and to all other debts, claims and obligations of the mutual bank. The issuance of capital debentures and special deposits, including increases therein, shall be governed by RSA 383-A:4-403.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-B:6-603 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-B - Depository Bank Act|Section 383-B:6-603 - Authority to Invest in Other Mutual Banks and Mutual Holding Companies.

    383-B:6-603 Authority to Invest in Other Mutual Banks and Mutual Holding Companies. –||Notwithstanding any other law to the contrary, a mutual bank and mutual holding company may invest an amount not to exceed 25 percent of its capital and surplus in the capital debentures, bonds, special deposits, or other debt securities of any other mutual bank or mutual holding company located in this state or in any other state, whether the other bank is in organization or in existence. For purposes of this section, if the investment constitutes more than 50 percent of the capital and surplus of the mutual bank or mutual holding company issuing the capital debentures, bonds, special deposits or other debt securities, the banks involved in the investment transaction shall be deemed affiliates and may receive deposits, renew time deposits, close loans, service loans, and receive payments on loans and other obligations as an agent for each other in the same manner as bank subsidiaries of a bank holding company may do so under subsection (r) of the Federal Deposit Insurance Act, 12 U.S.C. section 1828. The banks shall not be considered branches of each other nor shall the bank making the investment be considered a bank holding company.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-B:6-604 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-B - Depository Bank Act|Section 383-B:6-604 - Board of Directors of Mutual Banks and Mutual Holding Companies.

    383-B:6-604 Board of Directors of Mutual Banks and Mutual Holding Companies. –||The governance of a mutual bank or mutual holding company shall be vested in its board of directors. The board of directors shall have all powers and authorities granted under the organizational documents of the mutual bank or mutual holding company and applicable federal and state laws. The board of directors shall elect officers and shall supervise management of the mutual bank or mutual holding company. The board of directors shall be required to review and approve by majority vote, or by higher vote if required by applicable state laws or by the organizational documents, any matter expressly reserved for the approval of corporators under RSA 383-B:6-605(a) prior to submitting the matter to the corporators for their approval or association members under RSA 383-B:6-605(b) prior to submitting the matter for association members for their approval. In exercising their duties as directors, the directors shall consider the interests of the depositors, borrowers, and other customers of the mutual bank or mutual holding company, the general benefit, and economic well-being of the communities served by the mutual bank or mutual holding company and the safety, soundness, and general business needs of the mutual bank or mutual holding company. The directors shall be accountable to the corporators or association members, as applicable, for the proper discharge of their duties.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-B:6-605 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-B - Depository Bank Act|Section 383-B:6-605 - Corporators or Association Members of Mutual Banks and Mutual Holding Companies.

    383-B:6-605 Corporators or Association Members of Mutual Banks and Mutual Holding Companies. –||(a) The corporators shall be deemed to be exclusively representative of, and shall exclusively represent, the various interests and communities served by the mutual savings bank or mutual holding company. Each corporator shall be entitled to cast one vote and may vote in person or by proxy. The corporators shall elect persons to serve as corporators and directors, and may remove any corporator or director who has failed to properly discharge his or her duties, in the manner prescribed by its organizational documents. Except as expressly provided in RSA 383-B:6-618, the following corporate powers of a mutual savings bank or mutual holding company shall be vested solely in the corporators: the corporators shall have authority to approve by majority vote, or by higher vote if required by applicable state laws or rules or by the organizational documents, the amendment of the organizational documents, the conversion of the mutual savings bank or mutual holding company from mutual to stock form, the formation of a mutual holding company, the combination of the mutual savings bank or mutual holding company with any other entity, the voluntary liquidation of the mutual savings bank or mutual holding company, and any other matter expressly reserved for the approval of corporators under applicable state laws or the organizational documents of the mutual savings bank or holding company. The corporators shall consider the interests of the depositors, the borrowers, and other customers of the mutual savings bank or mutual holding company, the general benefit and economic well-being of the communities served by the mutual savings bank or mutual holding company, and the safety, soundness, and general business needs of the mutual savings bank or mutual holding company in exercising their duties as corporators.||(b) The voting rights and interests of association members of a savings association or mutual holding company are governed by the organizational documents of the savings association or the mutual holding company only, and not subsection (a). In any case requiring a vote of the corporators of a mutual savings bank or mutual holding company, the vote shall be cast by the association members instead.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-B:6-606 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-B - Depository Bank Act|Section 383-B:6-606 - Rights of Depositors of Mutual Banks or Mutual Holding Companies.

    383-B:6-606 Rights of Depositors of Mutual Banks or Mutual Holding Companies. –||(a) A depositor at a mutual bank shall have an undivided inchoate interest in the net worth of the mutual bank in proportion to the amount of the person's funds in the account or accounts divided by the aggregate amount of all funds of persons on deposit in time, savings, and demand accounts at the mutual bank at the time the interest ripens into a vested estate. The inchoate interest shall terminate upon the withdrawal of a depositor's funds in a time, savings, or demand account or accounts from the mutual bank. The inchoate interest shall be of no force or effect unless and until a dividend is declared or liquidation proceedings are commenced under RSA 383-B:6-607. If a bank is owned by a mutual holding company, the depositors of the bank shall have the same inchoate interest in the net worth of the mutual holding company.||(b) In the event that a mutual bank or mutual holding company converts from mutual to stock form, the proprietary interest of depositors shall be transferred to the liquidation account of the converted bank in the same manner as prescribed for a federal savings bank or federal mutual holding company under federal law.||(c) Depositors of a mutual savings bank or association members of a savings association shall have the right to vote to give approval to a conversion of a mutual bank or mutual holding company from mutual to stock form in a transaction involving the issuance of securities of any bank or bank holding company other than the securities of the converting mutual bank or the securities of a mutual holding company organized by the converting mutual bank in order to acquire its capital stock, as required in RSA 383-B:6-608. Except as otherwise provided in the organizational documents of the mutual savings bank or savings association, each depositor or association member shall be entitled to cast one vote and may vote in person or by proxy.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-B:6-607 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-B - Depository Bank Act|Section 383-B:6-607 - Dividends to Depositors of Mutual Banks and Mutual Holding Companies.

    383-B:6-607 Dividends to Depositors of Mutual Banks and Mutual Holding Companies. –||Except as may be limited or otherwise required by applicable federal or state laws, and subject to its management duties as provided in RSA 383-B:6-604, the board of directors of a mutual bank or mutual holding company through its subsidiary bank or subsidiary banks may declare a dividend and distribute the capital, surplus, and retained earnings to the depositors of the bank or banks, in proportion to the average amount of their respective funds on deposit during the 30-day period immediately preceding the time at which a dividend is declared, in such amounts, at such times, and under such conditions as are determined by the directors in the exercise of their reasonable discretion. In the event of liquidation of a mutual bank or mutual holding company, the assets, if any, of the mutual bank or mutual holding company remaining after payment of all liabilities and the costs and expenses of the liquidation shall be distributed as a dividend to the depositors of the mutual bank or subsidiary bank or subsidiary banks, in proportion to the average amount of their respective funds on deposit during the 30-day period immediately preceding the time at which the liquidation proceedings are commenced.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-B:6-608 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-B - Depository Bank Act|Section 383-B:6-608 - Conversion From Mutual to Stock Form.

    383-B:6-608 Conversion From Mutual to Stock Form. –||(a) Any mutual bank or mutual holding company may convert to stock form in the same manner as prescribed for a federal savings bank or a federal mutual holding company under federal law. However, no conversion under this subsection shall be permitted that includes as part of the conversion transaction the issuance of securities of any bank or holding company other than securities of the converting bank or holding company or the securities of a holding company organized by the converting bank in order to acquire its capital stock, unless in addition to procedures required by the rules adopted under this section, it is ratified by the depositors of a mutual bank or the depositors of a subsidiary bank or subsidiary banks of a mutual holding company. Ratification by depositors shall not be required if the conversion is part of a reorganization into a mutual holding company or the conversion is required by federal or state regulatory authorities.||(b) The depositor voting procedures shall be the same as those prescribed for a federal savings bank or a federal mutual holding company under federal law.||(c) In connection with a proposed conversion under the provisions of this section, no new compensation arrangement shall be provided for directors, officers, or employees unless the commissioner finds that it is fair and reasonable, based upon all of the facts and circumstances of the conversion and the future management and operational needs of the mutual bank or mutual holding company, including comparable compensation arrangements at similarly situated banks or holding companies. In addition, no conversion or reorganization shall be approved by the commissioner unless the commissioner finds that the process of obtaining corporate decisions and approvals was conducted in a lawful, informed, and independent manner, the rights of the depositors of the converting mutual bank or of the subsidiary bank or subsidiary banks of the converting mutual holding company are not impaired under the plan of conversion or reorganization, the depositors are not treated detrimentally or inequitably under the terms of the proposed conversion or reorganization, and the plan of conversion or reorganization does not provide corporators, if any, directors, officers, or employees with any benefit, privilege, or advantage with respect to the purchase, if any, of the capital stock in the conversion or reorganization which is not generally available to the depositors.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-B:6-609 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-B - Depository Bank Act|Section 383-B:6-609 - Reorganization of a Mutual Bank as a Mutual Holding Company.

    383-B:6-609 Reorganization of a Mutual Bank as a Mutual Holding Company. –||A mutual bank may reorganize as a mutual holding company owning a subsidiary bank under a plan of reorganization, by taking or causing to be taken the following actions:||(a) The mutual bank shall organize a wholly-owned subsidiary bank in accordance with the procedures of RSA 383-B:6-617.||(b) The mutual bank shall transfer to the subsidiary bank a substantial part of its assets and liabilities, including all of its insured liabilities, in exchange for all of the capital stock of the subsidiary bank.||(c) The mutual bank shall adopt an amended and restated organizational instrument changing its name, and conforming its organization, governance, and powers to those prescribed for a mutual holding company by RSA 383-B:6-616.|||Source. 2015, 272:16, eff. Oct. 1, 2015. 2019, 169:9, eff. July 10, 2019.|
NH Rev Stat § 383-B:6-610 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-B - Depository Bank Act|Section 383-B:6-610 - Reorganization of Mutual Bank by Merger.

    383-B:6-610 Reorganization of Mutual Bank by Merger. –||As an alternative to the procedure set forth in RSA 383-B:6-609, a mutual bank may reorganize into a mutual holding company structure under a plan of reorganization, by taking or causing to be taken the following actions:||(a) The mutual bank shall organize a mutual holding company conforming its organization, governance and powers to those prescribed for a mutual holding company by RSA 383-B:6-616 in the same manner as a bank under RSA 383-A. The mutual bank may provide funds to the mutual holding company for the purpose of enabling it to capitalize the subsidiary bank, to cover the expenses of organization, and to provide initial working capital. If the organizational instrument is approved by the commissioner, he or she shall certify the approval on the organizational instrument, which shall be thereupon filed in the office of the secretary of state.||(b) The mutual bank and the newly organized mutual holding company shall organize a subsidiary bank to be wholly-owned by the mutual holding company upon completion of the reorganization in accordance with the procedures of RSA 383-B:6-617.||(c) The mutual bank shall combine with the subsidiary bank. As part of the combination, the proprietary interests of the depositors in the mutual bank immediately prior to the combination shall be exchanged for identical proprietary interests in the mutual holding company.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-B:6-611 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-B - Depository Bank Act|Section 383-B:6-611 - Procedure for Adopting a Plan of Reorganization.

    383-B:6-611 Procedure for Adopting a Plan of Reorganization. –||The plan of reorganization shall be approved by the board of directors of the mutual bank by resolution adopted by a vote of 2/3 of the full board. The plan of reorganization shall then be submitted for adoption at a special meeting of the corporators of the mutual savings bank or association members of a savings association called in the manner provided by its organizational documents. Copies or summaries of the plan of reorganization shall be enclosed with the notice of the special meeting. The plan of reorganization shall be adopted by a vote of 2/3 of the corporators or association members, as applicable. Except as otherwise provided in the organizational documents of the mutual savings bank or savings association, each depositor or association member shall be entitled to cast one vote and may vote in person or by proxy.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-B:6-612 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-B - Depository Bank Act|Section 383-B:6-612 - Review by Commissioner.

    383-B:6-612 Review by Commissioner. –||A mutual bank that has adopted a plan of reorganization in accordance with RSA 383-B:6-611 shall apply to the commissioner for approval under RSA 383-A:6-602. The depository bank may complete the reorganization if it is permitted to do so by the commissioner under RSA 383-A:6-604.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-B:6-613 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-B - Depository Bank Act|Section 383-B:6-613 - Notice to Depositors.

    383-B:6-613 Notice to Depositors. –||A mutual bank that has obtained approval from the commissioner to complete the reorganization shall give its depositors written notice of the reorganization at least 30 days prior to the effective date of the reorganization. The notice shall include a brief description of the plan of reorganization. Any depositor of the mutual bank who fails to withdraw the amount deposited to his or her credit at the bank prior to the effective date of the reorganization shall be deemed to have assented to the reorganization.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-B:6-614 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-B - Depository Bank Act|Section 383-B:6-614 - Retention of Capital Assets at Holding Company Level.

    383-B:6-614 Retention of Capital Assets at Holding Company Level. –||With the approval of the commissioner, the plan of reorganization of a mutual bank may provide for the retention of assets at, or transfer of assets to, the mutual holding company, provided the retention will not cause the subsidiary bank to fail to meet any applicable net worth or capital adequacy requirement prescribed by federal or state regulatory authorities and the retention of the assets complies with federal and state laws.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|