Section 395:32 – Destruction of Records.
395:32 Destruction of Records. – Records and papers preserved in the office of the bank commissioner and concerned with the liquidation of a bank, as provided for in this chapter, may be destroyed at the end of 10 years after such liquidation proceedings have been completed. Source. 1957, 2:1, eff. July 1, 1957.
Section 395:20 – Payment of.
395:20 Payment of. – In the absence of an express written agreement to the contrary, any person paying to the depositor of a bank closed or in liquidation under this chapter or in any manner, a part or the whole of his deposit therein shall be subrogated to the rights of such depositor to […]
Section 395:21 – Objections to Claims.
395:21 Objections to Claims. – Objections to any claim not rejected by the commissioner may be made by any person interested by filing a copy of such objections with the commissioner, who shall present the same to the court at the time of the next application for permission to declare a dividend. The court […]
Section 395:22 – to 395:25 Repealed by 1965, 214:2, eff. Jan. 1, 1966.
395:22 to 395:25 Repealed by 1965, 214:2, eff. Jan. 1, 1966. –
Section 395:26 – Procedure.
395:26 Procedure. – Whenever any institution of whose property and business the commissioner takes possession as aforesaid deems itself aggrieved thereby, it may at any time within 10 days thereafter apply to the court to discontinue further proceedings; and the court, after notice to the commissioner and hearing, may dismiss such application or direct […]
Section 395:27 – By Commissioner.
395:27 By Commissioner. – Whenever it appears to the commissioner advisable, or upon the petition of the trustees or directors of the institution, he may, with the approval of a justice of the superior court, reduce pro rata the deposit account of each depositor therein, whenever the value of its assets is less than […]
Section 395:28 – Sharing Assets.
395:28 Sharing Assets. – If the bank shall realize from the assets a greater sum than was so fixed upon the court shall order such excess to be equitably divided among the depositors whose accounts have been reduced, but to the extent of such reduction only. Source. 1911, 68:16. PL 268:27. RL 316:28.
Section 395:29 – New Deposits.
395:29 New Deposits. – If any institution whose deposit accounts have been reduced under the provisions of this chapter shall afterward receive new deposits it shall keep its accounts, and in all respects conduct its business relating to such new deposits, as if it were a separate institution, distinct from the one in which […]
Section 395:29-a – Federal Approval.
395:29-a Federal Approval. – Notwithstanding any provision of RSA 395:27, 28 or 29 to the contrary, any deposit account in any institution, the deposits of which are insured by the Federal Deposit Insurance Corporation, or any other agency or instrumentality of the United States of America, may not be reduced without the consent of […]
Section 395:30 – Distribution of Assets.
395:30 Distribution of Assets. – Payments of dividends under RSA 395:19 and any other proceeds of the property of a closed or insolvent New Hampshire depository institution shall be distributed according to the decree of the court in the following priority: I. The payment of the costs and expenses of the liquidation. II. The […]