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2017 New Hampshire Revised Statutes
Title XXXV - BANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS
Chapter 383-A - BANK AND CREDIT UNION REGULATORY AND ENFORCEMENT
Section 383-A:3-318 - Material Change in Operating Conditions.
Universal Citation: NH Rev Stat § 383-A:3-318 (2017)
383-A:3-318 Material Change in Operating Conditions. –
If a board of directors of a state bank proposes to make a material change in the business plan, capital plan, or other factors considered by the commissioner in granting a charter to the state bank within 5 years of its receipt of a certificate to engage in business under RSA 383-A:3-315, then the board of directors may not make the change unless it submits an application seeking approval of the change to the commissioner as provided in RSA 383-A:6-602 and it is permitted to do so by the commissioner.
Source. 2015, 272:16, eff. Oct. 1, 2015. 2017, 209:5, eff. Sept. 8, 2017.
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