reglab/statecodes huggingface dataset:
2023 New Hampshire Revised Statutes › Title XXXV - Banks and Banking; Loan Associations; Credit Unions › Chapter 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.
2023 New Hampshire Revised Statutes › Title XXXV - Banks and Banking; Loan Associations; Credit Unions › Chapter 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.
2023 New Hampshire Revised Statutes › Title XXXV - Banks and Banking; Loan Associations; Credit Unions › Chapter 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.
2023 New Hampshire Revised Statutes › Title XXXV - Banks and Banking; Loan Associations; Credit Unions › Chapter 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.
2023 New Hampshire Revised Statutes › Title XXXV - Banks and Banking; Loan Associations; Credit Unions › Chapter 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.
2023 New Hampshire Revised Statutes › Title XXXV - Banks and Banking; Loan Associations; Credit Unions › Chapter 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.
2023 New Hampshire Revised Statutes › Title XXXV - Banks and Banking; Loan Associations; Credit Unions › Chapter 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.
2023 New Hampshire Revised Statutes › Title XXXV - Banks and Banking; Loan Associations; Credit Unions › Chapter 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.
2023 New Hampshire Revised Statutes › Title XXXV - Banks and Banking; Loan Associations; Credit Unions › Chapter 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.
2023 New Hampshire Revised Statutes › Title XXXV - Banks and Banking; Loan Associations; Credit Unions › Chapter 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.
2023 New Hampshire Revised Statutes › Title XXXV - Banks and Banking; Loan Associations; Credit Unions › Chapter 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.
2023 New Hampshire Revised Statutes › Title XXXV - Banks and Banking; Loan Associations; Credit Unions › Chapter 383-B - Depository Bank Act › Section 383-B:6-615 - Continuation of Operations and Depositor Interest.

383-B:6-615 Continuation of Operations and Depositor Interest. –
(a) The commissioner may permit any newly created, wholly-owned subsidiary bank of a mutual holding company under RSA 383-B:6-609 to represent that it is a continuation of the operations of the mutual bank which was its organizer, provided such representation does not violate RSA 383-A:7-701 and is consistent with the operations of the new subsidiary bank under the plan of reorganization.
(b) The depositors of the mutual bank immediately prior to the reorganization shall be entitled to deposits in the subsidiary bank of the mutual holding company of like amounts, interest rates, and other terms, without interruption of interest, and the deposits shall continue to be insured by the Federal Deposit Insurance Corporation up to the maximum amount provided by law. The depositors of the mutual bank immediately before the reorganization, shall, by virtue of the reorganization, have proprietary interests in the net worth of the mutual holding company of the same nature, rights, and proportions as the proprietary interests which they had in the mutual bank, in lieu of the former interests.
Source.
2015, 272:16, eff. Oct. 1, 2015. 2019, 169:10, eff. July 10, 2019.
2023 New Hampshire Revised Statutes › Title XXXV - Banks and Banking; Loan Associations; Credit Unions › Chapter 383-B - Depository Bank Act › Section 383-B:6-617 - Chartering of Subsidiary Bank.

383-B:6-617 Chartering of Subsidiary Bank. –
The procedures for the organization of a subsidiary bank shall be as prescribed in RSA 383-A, except that:
(a) The reorganizing mutual bank or mutual holding company may serve as the organizer of the subsidiary bank being formed and as the applicant seeking approval of its incorporation.
(b) The organizational instrument shall contain a restriction to the effect that no shares of the capital stock of the subsidiary bank may be directly or indirectly issued to or held by a person other than the mutual holding company unless the issuance or holding of the shares is first approved by a
2/3 majority of the board of directors of the mutual holding company and its corporators or association members and then is approved by the commissioner in compliance with the provisions of this subsection. The commissioner shall adopt rules governing the issuance of shares of the capital stock of the subsidiary bank to any person other than the mutual holding company which are comparable to rules adopted by the commissioner governing the conversion of depository banks from mutual to stock form. In no event shall shares of the capital stock of the subsidiary bank be held by any person other than the mutual holding company if the commissioner determines that the corporators, if any, directors, officers, and employees of the mutual holding company or of the subsidiary bank are provided with a benefit, privilege, or advantage not generally available to depositors or otherwise impairs the rights of the depositors.
Source.
2015, 272:16, eff. Oct. 1, 2015.
2023 New Hampshire Revised Statutes › Title XXXV - Banks and Banking; Loan Associations; Credit Unions › Chapter 383-B - Depository Bank Act › Section 383-B:6-618 - Supervision and Examinations.

383-B:6-618 Supervision and Examinations. –
The commissioner may require such reports from, and make such examinations of, each mutual holding company as he or she deems necessary to determine the true condition of the subsidiaries and affiliates thereof over which he or she has general supervision, the ability of the subsidiaries and affiliates to perform their engagements, and the inter-company relationship of the mutual holding company and its subsidiaries and affiliates. The cost of the examinations shall be assessed against, and paid by, the mutual holding company. Mutual holding companies shall furnish the commissioner with copies of the reports filed by them with their federal supervisory authorities, and the commissioner shall, as far as possible, rely upon the reports for the purposes of this article.
Source.
2015, 272:16, eff. Oct. 1, 2015.
2023 New Hampshire Revised Statutes › Title XXXV - Banks and Banking; Loan Associations; Credit Unions › Chapter 383-B - Depository Bank Act › Section 383-B:7-701 - Branch Offices.

383-B:7-701 Branch Offices. –
This article sets forth the requirements for branching of depository banks in this state.
Source.
2015, 272:16, eff. Oct. 1, 2015.
2023 New Hampshire Revised Statutes › Title XXXV - Banks and Banking; Loan Associations; Credit Unions › Chapter 383-B - Depository Bank Act › Section 383-B:7-702 - Branching Authority.

383-B:7-702 Branching Authority. –
No depository bank shall transact any part of its usual business of banking at any branch office except as follows:
(a) Subject to RSA 383-B:7-702(b), a depository bank may establish one or more branch offices or acquire branch offices from any depository bank, national bank, federal savings bank or foreign bank in any location within the state. The commissioner shall not permit a depository bank to establish or acquire a branch office if the dollar volume of the total deposits of the bank is greater than 30 percent of the dollar volume of the total deposits of all banks doing business in this state as determined by the commissioner on the basis of the most recent annual deposit reports of the Federal Deposit Insurance Corporation; nor shall the commissioner permit a depository bank to establish or acquire a branch office if the bank is an affiliate of a bank holding company which with all its affiliates then holds a dollar volume of total deposits greater than 30 percent of the dollar volume of total deposits of all banks doing business in this state as determined by the commissioner on the basis of the most recent annual deposit reports of the Federal Deposit Insurance Corporation.
(b) All depository banks shall submit an application to establish a branch office under RSA 383-A:6-602. A depository bank may proceed to establish or acquire the branch office if it is permitted to do so by the commissioner under RSA 383-A:6-604.
Source.
2015, 272:16, eff. Oct. 1, 2015. 2017, 209:8, eff. Sept. 8, 2017.
2023 New Hampshire Revised Statutes › Title XXXV - Banks and Banking; Loan Associations; Credit Unions › Chapter 383-B - Depository Bank Act › Section 383-B:7-703 - Branch Closings and Relocations.

383-B:7-703 Branch Closings and Relocations. –
(a) A depository bank may close a branch office upon the affirmative vote of a majority of its board of directors, but the closing shall not occur until the depository bank has filed notice of the branch office closing with the commissioner under RSA 383-A:6-602. The depository bank shall be required to comply with federal requirements for branch closings.
(b) A depository bank may relocate a branch office upon the affirmative vote of a majority of its board of directors, but the relocation shall not occur until the depository bank has filed notice of the branch office relocation with the commissioner under RSA 383-A:6-602. The depository bank shall comply with federal requirements for branch relocations.
Source.
2015, 272:16, eff. Oct. 1, 2015. 2017, 209:9, eff. Sept. 8, 2017.
2023 New Hampshire Revised Statutes › Title XXXV - Banks and Banking; Loan Associations; Credit Unions › Chapter 383-B - Depository Bank Act › Section 383-B:7-704 - Loan Production Offices.

383-B:7-704 Loan Production Offices. –
A depository bank and foreign bank that is authorized to make loans may engage in the business of loan production. A loan production office is any place of business located within this state at which the bank engages solely in activities relating to loan production. A loan production office is not a branch office. A depository bank or foreign bank shall provide the commissioner with written notice of its intent to establish or relocate a loan production office under RSA 383-A:6-602 and may proceed to establish a loan production office after filing the notice without further action by the commissioner.
Source.
2015, 272:16, eff. Oct. 1, 2015. 2018, 184:4, eff. Aug. 7, 2018.
2023 New Hampshire Revised Statutes › Title XXXV - Banks and Banking; Loan Associations; Credit Unions › Chapter 383-B - Depository Bank Act › Section 383-B:7-705 - Automated Teller Machines; Fee Disclosure.

383-B:7-705 Automated Teller Machines;  Fee Disclosure. –
(a) A depository bank may own and operate automated teller machines in any location within or without the state. An automated teller machine is not a branch. A depository bank is not required to file a notice or application with the commissioner to establish, own or operate an automated teller machine. No fee shall be charged by a depository bank for the use of an automated teller machine unless the amount of the fee is disclosed clearly and conspicuously:
(1) On a sign posted on the automated teller machine or in clear view of a customer while using the automated teller machine; or
(2) Electronically during the course of the transaction in a manner that permits the user to cancel the transaction without incurring the fee.
(b) The depository bank shall not be required to include in a disclosure under subsection (a) any fee that any company may charge the user under separate agreement with the user for engaging in such transaction.
(c) This section shall apply to automated teller machines owned or operated by foreign banks in this state.
(d) For the purposes of this section, "automated teller machine" means any terminal, machine, or device that dispenses cash or its equivalent to a user or enables a user to engage in any electronic financial transaction involving an account of the user at any depository bank.
Source.
2015, 272:16, eff. Oct. 1, 2015.
2023 New Hampshire Revised Statutes › Title XXXV - Banks and Banking; Loan Associations; Credit Unions › Chapter 383-B - Depository Bank Act › Section 383-B:7-706 - Existing Branch Offices.

383-B:7-706 Existing Branch Offices. –
Nothing herein shall be construed to make unlawful the continued operation of any branch office lawfully existing on October 1, 2015.
Source.
2015, 272:16, eff. Oct. 1, 2015.
2023 New Hampshire Revised Statutes › Title XXXV - Banks and Banking; Loan Associations; Credit Unions › Chapter 383-B - Depository Bank Act › Section 383-B:8-801 - Conversion.

383-B:8-801 Conversion. –
This article shall govern the conversion of a depository bank into a national bank or federal savings bank and the conversion of a national bank or federal savings bank into a depository bank.
Source.
2015, 272:16, eff. Oct. 1, 2015.
2023 New Hampshire Revised Statutes › Title XXXV - Banks and Banking; Loan Associations; Credit Unions › Chapter 383-B - Depository Bank Act › Section 383-B:8-802 - Conversion of State Depository Bank Into a National Bank or Federal Savings Bank.

383-B:8-802 Conversion of State Depository Bank Into a National Bank or Federal Savings Bank. –
A depository bank may convert into a national bank or federal savings bank. The conversion shall be governed by federal law and not the law of this state, except that the conversions shall be approved by a majority of the holders of each class of voting stock of an investor-owned depository bank, the corporators of a mutual savings bank, or the association members of a savings association, or by a higher percentage if required by the entity's organizational documents.
Source.
2015, 272:16, eff. Oct. 1, 2015.
2023 New Hampshire Revised Statutes › Title XXXV - Banks and Banking; Loan Associations; Credit Unions › Chapter 383-B - Depository Bank Act › Section 383-B:8-803 - Conversion of a National Bank or Federal Savings Bank Into a Depository Bank.

383-B:8-803 Conversion of a National Bank or Federal Savings Bank Into a Depository Bank. –
A national bank or federal savings bank located in this state which follows the procedure prescribed by federal laws to convert into a depository bank, shall be granted a charter in this state if the commissioner finds that the bank meets the standards as to office location, capital structure, and business experience of officers and directors for the incorporation of a depository bank under RSA 383-A.
Source.
2015, 272:16, eff. Oct. 1, 2015.
2023 New Hampshire Revised Statutes › Title XXXV - Banks and Banking; Loan Associations; Credit Unions › Chapter 383-B - Depository Bank Act › Section 383-B:8-804 - Conversion of a Mutual Bank or Mutual Bank Into a Credit Union.

383-B:8-804 Conversion of a Mutual Bank or Mutual Bank Into a Credit Union. –
A mutual savings bank or mutual bank may convert to a credit union if the corporators of a mutual savings bank or the association members of a savings association approve the conversion by majority vote, or by a higher percentage if required by its organizational documents.
Source.
2015, 272:16, eff. Oct. 1, 2015.
2023 New Hampshire Revised Statutes › Title XXXV - Banks and Banking; Loan Associations; Credit Unions › Chapter 383-B - Depository Bank Act › Section 383-B:8-805 - Procedural Requirements.

383-B:8-805 Procedural Requirements. –
A converting bank shall apply to the commissioner for approval of its conversion proposal under RSA 383-A:6-602. If the commissioner permits it to do so under RSA 383-A:6-604, the converting bank may complete the proposed conversion, subject to other federal or state approvals. The converted bank or credit union shall make any filings with the secretary of state that are required under RSA 383-A or RSA 383-E.
Source.
2015, 272:16, eff. Oct. 1, 2015.
2023 New Hampshire Revised Statutes › Title XXXV - Banks and Banking; Loan Associations; Credit Unions › Chapter 383-B - Depository Bank Act › Section 383-B:8-806 - Rules.

383-B:8-806 Rules. –
The commissioner may adopt rules governing the terms and conditions of conversions under this article.
Source.
2015, 272:16, eff. Oct. 1, 2015.
2023 New Hampshire Revised Statutes › Title XXXV - Banks and Banking; Loan Associations; Credit Unions › Chapter 383-B - Depository Bank Act › Section 383-B:9-901 - Depository Bank Combinations and Acquisition.

383-B:9-901 Depository Bank Combinations and Acquisition. –
This article shall govern the combination and acquisitions of depository banks.
Source.
2015, 272:16, eff. Oct. 1, 2015.
2023 New Hampshire Revised Statutes › Title XXXV - Banks and Banking; Loan Associations; Credit Unions › Chapter 383-B - Depository Bank Act › Section 383-B:9-902 - Procedural Requirements.

383-B:9-902 Procedural Requirements. –
(a) If a depository bank proposes to combine with another depository bank, national bank, federal savings bank, or foreign bank, the banks shall apply to the commissioner for approval of the proposed combination as required under RSA 383-A:6-602 and may complete the combination if they are permitted to do so by the commissioner under RSA 383-A:6-604, subject to other federal or state approvals. If resulting bank is a depository bank, it shall make any filings with the secretary of state that are required under RSA 383-A.
(b) A New Hampshire bank holding company may directly or indirectly acquire a depository bank, national bank, federal savings bank, or out-of state depository bank. A New Hampshire bank holding company may also organize, and be the sole incorporator of, an interim depository bank for the purpose of effecting an acquisition of the investor-owned bank under RSA 383-A. Any New Hampshire bank holding company proposing the acquisition shall apply to the commissioner for approval of the proposed acquisition as required under RSA 383-A:6-602 and may complete the acquisition if it is permitted to do so by the commissioner under RSA 383-A:6-604, subject to other federal or state approvals.
Source.
2015, 272:16, eff. Oct. 1, 2015.
2023 New Hampshire Revised Statutes › Title XXXV - Banks and Banking; Loan Associations; Credit Unions › Chapter 383-B - Depository Bank Act › Section 383-B:9-903 - Required Vote.

383-B:9-903 Required Vote. –
The combination of depository banks or the acquisition of an investor-owned depository bank by a New Hampshire bank holding company is required to be approved by a majority of the owners of the shares having a right to vote of an investor-owned depository bank, a majority of the corporators of a mutual savings bank, a majority of association members of a savings association, or a higher percentage if required by their respective organizational documents, as applicable.
Source.
2015, 272:16, eff. Oct. 1, 2015.
2023 New Hampshire Revised Statutes › Title XXXV - Banks and Banking; Loan Associations; Credit Unions › Chapter 383-B - Depository Bank Act › Section 383-B:9-904 - Name Change.

383-B:9-904 Name Change. –
The bank resulting from a combination may change the name of the resulting bank. In such event, it shall comply with the requirements of RSA 383-A:3-316, if applicable.
Source.
2015, 272:16, eff. Oct. 1, 2015.
2023 New Hampshire Revised Statutes › Title XXXV - Banks and Banking; Loan Associations; Credit Unions › Chapter 383-B - Depository Bank Act › Section 383-B:9-905 - Branch Offices.

383-B:9-905 Branch Offices. –
As part of the proceedings for the combination authorized by this article, the bank resulting from the combination shall be authorized to operate any branch office or other office of the other bank or banks acquired in the combination unless otherwise ordered by the commissioner.
Source.
2015, 272:16, eff. Oct. 1, 2015.
2023 New Hampshire Revised Statutes › Title XXXV - Banks and Banking; Loan Associations; Credit Unions › Chapter 383-B - Depository Bank Act › Section 383-B:9-906 - Bank Holding Company Affiliates.

383-B:9-906 Bank Holding Company Affiliates. –
No bank holding company shall directly or indirectly acquire ownership or control of any voting stock of a depository bank, national bank, or federal savings bank, and no depository bank shall combine with another depository bank or foreign bank, if upon making the acquisition the bank holding company would have more than 12 affiliates in this state, or the dollar volume of the total deposits in this state of the bank holding company and all its affiliates or the bank resulting from the combination would exceed 30 percent of the dollar volume of total deposits in this state of all banks in this state as determined by the commissioner on the basis of the most recent annual deposit reports of the Federal Deposit Insurance Corporation available at the time of acquisition.
Source.
2015, 272:16, eff. Oct. 1, 2015.
2023 New Hampshire Revised Statutes › Title XXXV - Banks and Banking; Loan Associations; Credit Unions › Chapter 383-B - Depository Bank Act › Section 383-B:9-907 - Waiver of Deposit Limitation.

383-B:9-907 Waiver of Deposit Limitation. –
In any transaction involving the combination of any banks or bank holding companies, if one or more of such banks or bank holding companies is in such condition that the Federal Deposit Insurance Corporation or any other federal agency having supervisory authority over banks or bank holding companies in New Hampshire could take action which would result in a combination or other similar structural change, and in the absence of such federal action such a change would be prevented by any deposit limitation contained in this article, the commissioner may waive such deposit limitation. The waiver shall be binding upon the commissioner in any proceeding involving the combination of such bank, banks, or bank holding company.
Source.
2015, 272:16, eff. Oct. 1, 2015.
2023 New Hampshire Revised Statutes › Title XXXV - Banks and Banking; Loan Associations; Credit Unions › Chapter 383-B - Depository Bank Act › Section 383-B:9-908 - Rules.

383-B:9-908 Rules. –
The commissioner may adopt rules governing the terms and conditions of acquisitions and combinations under this article.
Source.
2015, 272:16, eff. Oct. 1, 2015.
2023 New Hampshire Revised Statutes › Title XXXV - Banks and Banking; Loan Associations; Credit Unions › Chapter 383-B - Depository Bank Act › Section 383-B:10-1001 - Interstate Banking.

383-B:10-1001 Interstate Banking. –
This article sets forth the requirements for interstate banking and branching in this state and other states by New Hampshire bank holding companies and depository banks and foreign depository banks and foreign bank holding companies.
Source.
2015, 272:16, eff. Oct. 1, 2015.
2023 New Hampshire Revised Statutes › Title XXXV - Banks and Banking; Loan Associations; Credit Unions › Chapter 383-B - Depository Bank Act › Section 383-B:10-1002 - Interstate Acquisition of a Bank by a Bank Holding Company.

383-B:10-1002 Interstate Acquisition of a Bank by a Bank Holding Company. –
(a) A New Hampshire bank holding company may directly or indirectly acquire a foreign bank holding company or a foreign bank.
(b) A foreign bank holding company may directly or indirectly acquire a New Hampshire bank holding company, a depository bank, or a national bank or a federal savings bank having its principal place of business in New Hampshire. A foreign bank holding company may also organize, and be the sole incorporator of, a depository bank. No direct or indirect acquisition of a depository bank shall be permitted which will result in a violation of the deposit limitation contained in RSA 383-B:9-906 and 907.
(c) A New Hampshire bank holding company or a foreign bank holding company engaging in an acquisition under subsection (a) or (b) of this section shall apply to the commissioner for approval of the proposed acquisition as required under RSA 383-A:6-602 and file with the commissioner a copy of each application or notice filed with federal or other state regulatory authorities relating to the acquisition at the same time such application or notice is filed with such federal or other state regulatory authorities. If permitted by the commissioner under RSA 383-A:6-604, the bank holding company may complete the acquisition, subject to federal and other state approvals.
Source.
2015, 272:16, eff. Oct. 1, 2015.
2023 New Hampshire Revised Statutes › Title XXXV - Banks and Banking; Loan Associations; Credit Unions › Chapter 383-B - Depository Bank Act › Section 383-B:10-1003 - Interstate Bank Combination.

383-B:10-1003 Interstate Bank Combination. –
(a) A depository bank may combine with any foreign bank. No combination shall be permitted which will result in a violation of the deposit limitation contained in RSA 383-B:9-906, except as provided in RSA 383-B:9-907.
(b) The depository bank shall be required to obtain all approvals necessary to combine with the foreign bank under New Hampshire law. The depository bank shall apply to the commissioner for approval of the proposed combination as required under RSA 383-A:6-602 and file with the commissioner a copy of each application or notice filed with federal or other state regulatory authorities relating to the combination at the same time such application or notice is filed with the federal or other state regulatory authorities. If it is permitted to do so by the commissioner under RSA 383-A:6-604, the depository bank may complete the combination with the foreign bank, subject to federal and other state approvals.
(c) If the resulting bank is a depository bank, it shall have all the powers held by the foreign bank with which it combined under the laws of the state in which each branch office is located, subject to the duties and restrictions thereof. In addition to any regulation by regulatory authorities in the state where a branch office is located, each branch office of the depository bank located outside of New Hampshire shall be subject to regulation by the commissioner as if such branch office were located in New Hampshire and shall comply with New Hampshire law in the conduct of its business in such other state unless otherwise required or permitted under the laws of such other state.
(d) If the resulting bank is a foreign bank, it shall have all the powers held by the depository bank with which it combined under New Hampshire law, subject to the duties and restrictions thereof. Any branch office located in New Hampshire of a foreign bank, other than a national bank or federal savings association, shall be regulated by the commissioner as if the branch office were a branch office of a depository bank. Any foreign bank having a branch office located in New Hampshire shall comply with New Hampshire law in the conduct of its business in New Hampshire. No branch office of a foreign bank shall be permitted to engage in any activity not permissible for a depository bank. Notwithstanding the foregoing, if the foreign bank is a national bank or a federal savings association, it shall comply with New Hampshire law to the maximum extent allowed under federal law.
Source.
2015, 272:16, eff. Oct. 1, 2015.
2023 New Hampshire Revised Statutes › Title XXXV - Banks and Banking; Loan Associations; Credit Unions › Chapter 383-B - Depository Bank Act › Section 383-B:10-1005 - Examination of Foreign banks and Foreign Bank Holding Companies.

383-B:10-1005 Examination of Foreign banks and Foreign Bank Holding Companies. –
(a) The commissioner may examine New Hampshire branch offices of (i) foreign banks, other than national banks and federal savings banks, and (ii) foreign bank holding companies. The commissioner may, as an adjunct to such authority, enter into agreements with federal and other state regulatory authorities to examine or participate in the examination of New Hampshire branch offices of foreign banks and foreign bank holding companies. Notwithstanding RSA 98-B:5, or any other provision of law to the contrary, the commissioner is authorized to permit one or more department employees to travel outside this state for purposes of conducting or participating in the examination of a foreign bank or foreign bank holding companies without the necessity of obtaining the separate consent of the governor and executive council for such out-of-state travel. The commissioner is further authorized to enter into agreements with federal and other state regulatory authorities for purposes of sharing and protecting the confidentiality of any department examination report, work papers, or other examination information and the examination report, work papers, or other examination information of the other state or federal regulatory authority.
(b) The cost of any examination conducted under subsection (a) shall be the same as that provided by RSA 383:11.
(c) The commissioner and examination personnel making an examination, either individually or as a group, may mutually agree to flexible or alternative work schedules, similar to Federal Deposit Insurance Corporation and Federal Reserve Bank examiner work schedules, that will permit department examiners assigned to an out-of-state examination to work less than 5 days per calendar week, provided that the examiner shall work no less than 75 hours per scheduled pay period. Neither the commissioner nor any employee affected hereby shall be required or compelled, as a condition of continued employment or otherwise, to consent to such flexible or alternative work schedule. The commissioner shall be entitled to establish policies that set forth the number of hours in each work day and the days of the week that constitute work days, or other conditions applicable to flexible and alternative work schedules, and any flexible or alternative work schedule agreements entered into between the commissioner and examiners shall be subject to such policies.
Source.
2015, 272:16, eff. Oct. 1, 2015. 2019, 168:11, eff. Sept. 8, 2019.
2023 New Hampshire Revised Statutes › Title XXXV - Banks and Banking; Loan Associations; Credit Unions › Chapter 383-B - Depository Bank Act › Section 383-B:10-1006 - Examination of Out-of-State Branch Offices of Depository Banks.

383-B:10-1006 Examination of Out-of-State Branch Offices of Depository Banks. –
The commissioner shall be authorized to conduct or to enter into agreements with federal bank or foreign regulatory authorities to examine out-of-state branch offices of depository banks. The cost of such examinations shall be chargeable and paid in accordance with RSA 383-B:10-1005 and RSA 383:11, I. RSA 383-B:10-1005 shall apply to department examination personnel employed in making such examinations.
Source.
2015, 272:16, eff. Oct. 1, 2015.
2023 New Hampshire Revised Statutes › Title XXXV - Banks and Banking; Loan Associations; Credit Unions › Chapter 383-B - Depository Bank Act › Section 383-B:10-1007 - Insurance Not Affected.

383-B:10-1007 Insurance Not Affected. –
This chapter shall not be interpreted to limit or to enlarge the power of any depository bank, national bank, federal savings bank or foreign depository bank to engage in the business of insurance or in any activity requiring licensing under RSA 401 or RSA 405.
Source.
2015, 272:16, eff. Oct. 1, 2015.
2023 New Hampshire Revised Statutes › Title XXXV - Banks and Banking; Loan Associations; Credit Unions › Chapter 383-C - Trust Company Act › Section 383-C:1-101 - Short Title.

383-C:1-101 Short Title. –
This chapter shall be known and may be cited as the "Trust Company Act."
Source.
2015, 272:16, eff. Oct. 1, 2015.
2023 New Hampshire Revised Statutes › Title XXXV - Banks and Banking; Loan Associations; Credit Unions › Chapter 383-C - Trust Company Act › Section 383-C:1-102 - Scope.

383-C:1-102 Scope. –
This chapter applies to trust companies, foreign trust companies, and qualified trust advisors. A trust company is a nondepository state bank that engages in trust business and that is chartered under this chapter or prior law. Except as otherwise provided in this chapter, RSA 383-A applies to trust companies, foreign trust companies, and, as provided in article 12 of this chapter, qualified trust advisors.
Source.
2015, 272:16, eff. Oct. 1, 2015.
2023 New Hampshire Revised Statutes › Title XXXV - Banks and Banking; Loan Associations; Credit Unions › Chapter 383-C - Trust Company Act › Section 383-C:1-103 - Reservation of Power to Amend or Repeal.

383-C:1-103 Reservation of Power to Amend or Repeal. –
The general court has power to amend or repeal all or part of this chapter at any time, and all persons subject to this chapter are governed by the amendment or repeal.
Source.
2015, 272:16, eff. Oct. 1, 2015.
2023 New Hampshire Revised Statutes › Title XXXV - Banks and Banking; Loan Associations; Credit Unions › Chapter 383-C - Trust Company Act › Section 383-C:1-104 - Commissioner.

383-C:1-104 Commissioner. –
The commissioner shall have the powers necessary or incidental to performing all of the commissioner's duties under this chapter, including the power to adopt rules as provided in this chapter in accordance with RSA 541-A. All rules previously adopted by the commissioner relating to the subject matter of this chapter shall be subject to RSA 541-A:17, except for rules adopted under RSA 394-A:7 which shall continue in full force and effect until amended or repealed.
Source.
2015, 272:16, eff. Oct. 1, 2015.