Section 397-A:8 – License Term; Renewal.
397-A:8 License Term; Renewal. – I. Each mortgage banker, mortgage broker, or mortgage servicer license shall remain in force until it has been surrendered, revoked, or suspended, or terminates or expires in accordance with the provisions of this chapter. Each license shall expire on December 31 of each calendar year. II. If a person […]
Section 397:2 – Powers of Bank Commissioner.
397:2 Powers of Bank Commissioner. – During the period of any banking emergency so proclaimed, the bank commissioner, hereinafter called the commissioner, in addition to all other powers conferred upon him by law, shall have authority to order any one or more banks to restrict all or any part of their business and to […]
Section 397:3 – New Deposits.
397:3 New Deposits. – The commissioner may by order authorize any bank or banks to receive new deposits under such special rules and regulations as in the opinion of the commissioner the interest of the public or of such bank or banks or the depositors thereof may require. Source. 1933, 25:3. RL 318:3.
Section 397:4 – New Deposits-Special.
397:4 New Deposits-Special. – The commissioner may by order authorize any bank or banks to receive new deposits, which new deposits shall be special deposits and designated as such, shall be segregated from all other deposits and may be invested only in assets approved by the commissioner as being sufficiently liquid to be available […]
Section 397:5 – Penalty for Violation of Rules.
397:5 Penalty for Violation of Rules. – Whenever the commissioner shall make any order hereunder, he shall adopt rules, pursuant to RSA 541-A, for the protection of any bank or banks subject thereto or the depositors thereof, and any person violating any provision of such a rule shall be guilty of a misdemeanor if […]
Section 396:10 – Federal Benefits.
396:10 Federal Benefits. – Notwithstanding any other provision of law, any institution under the supervision of the commissioner is authorized to exercise, with his approval, such power and do any and all things necessary to avail itself of the benefits of any act of Congress granting powers to or conferring benefits on such institutions […]
Section 396:10-a – Open-Bank Assistance.
396:10-a Open-Bank Assistance. – If an institution is reorganized in an open-bank assistance transaction under 12 U.S.C. section 1823(c) or as it may be amended from time to time, no agreement, claim, counterclaim or defense involving the institution prior to its reorganization shall thereafter be valid against the institution, or any transferee or assignee […]
Section 396:11 – Reorganization.
396:11 Reorganization. – A majority of the stock or shareholders of any institution under the supervision of the commissioner by stock or share vote, or a majority of the corporation members of a mutual savings bank, may submit to the commissioner at any time a plan for reorganization of such institution or bank. Such […]
Section 396:12 – Retirement, Restoration.
396:12 Retirement, Restoration. – Notwithstanding any other provision of law the stock or shareholders of any institution authorized by RSA 396:9 to issue preferred stock or shares, with or without conservatorship and with or without authorized issue of preferred stock or shares, with the approval of the commissioner, may, by majority stock or share […]
Section 396:13 – Other Powers Not Limited.
396:13 Other Powers Not Limited. – The provisions of this chapter shall not be construed to limit any other power conferred by law upon the bank commissioner. Source. 1933, 114:2. RL 317:13.