Section 383-E:1-101 – Short Title.

    383-E:1-101 Short Title. – This chapter shall be known and may be cited as the "Credit Union Act." Source. 2015, 272:16, eff. Oct. 1, 2015.

Section 383-E:1-102 – Scope.

    383-E:1-102 Scope. – This chapter applies to state and foreign credit unions. RSA 383-A also applies to credit unions, except as otherwise provided in that chapter. Source. 2015, 272:16, eff. Oct. 1, 2015.

Section 383-E:1-103 – Reservation of Power to Amend or Repeal.

    383-E: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.

Section 383-E:1-104 – Commissioner.

    383-E:1-104 Commissioner. – The commissioner has 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 […]

Section 383-E:10-1001 – Procedural Requirements.

    383-E:10-1001 Procedural Requirements. – If a state credit union proposes to combine with another state credit union, federal credit union, or foreign credit union, the credit unions 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 permitted by the commissioner, subject […]

Section 383-E:10-1002 – Required Vote.

    383-E:10-1002 Required Vote. – The combination of credit unions is required to be approved by a state credit union first by a majority of its full board of directors and then by a majority of its members present and voting at a meeting called for that purpose. Source. 2015, 272:16, eff. Oct. 1, 2015.

Section 383-E:10-1003 – Name Change.

    383-E:10-1003 Name Change. – The credit union resulting from a combination may change the name of the resulting credit union with the permission of the commissioner. Source. 2015, 272:16, eff. Oct. 1, 2015.

Section 383-E:10-1004 – Branch Offices.

    383-E:10-1004 Branch Offices. – As part of the proceedings for the combination authorized by this article, the credit union resulting from the combination shall be authorized to operate any branch office or other office of the other credit union acquired in the combination unless otherwise ordered by the commissioner. Source. 2015, 272:16, eff. Oct. […]

Section 383-E:11-1101 – State Credit Union to Federal Credit Union.

    383-E:11-1101 State Credit Union to Federal Credit Union. – A state credit union may be converted into a federal credit union by complying with the following requirements: (a) A majority of the directors of the state credit union shall first approve the proposition for the conversion and set a date for a vote on […]

Section 383-E:11-1102 – Federal Credit Union to State Credit Union.

    383-E:11-1102 Federal Credit Union to State Credit Union. – A federal credit union may be converted into a state credit union by complying with such requirements of this chapter as would have enabled it to have originally qualified for organization as a state credit union. When the commissioner has been satisfied that the requirements, […]

Section 383-E:11-1103 – Rules.

    383-E:11-1103 Rules. – The commissioner may adopt rules governing the terms and conditions of conversions under this Article. Source. 2015, 272:16, eff. Oct. 1, 2015.

Section 383-E:12-1201 – Dissolution.

    383-E:12-1201 Dissolution. – If a special meeting is called for the purpose of addressing dissolution of a credit union and a majority of the members are in attendance, upon recommendation of not less than 2/3 of the board of directors, the members may dissolve the credit union by the vote of 2/3 of the […]

Section 383-E:12-1202 – Procedure.

    383-E:12-1202 Procedure. – Upon a vote dissolving the credit union, the members shall elect a committee of 3 persons to liquidate the assets of the credit union. The committee shall act under the control of the commissioner. Each paid-in share according to the amount paid in shall be entitled to its proportional part of […]

Section 383-E:13-1301 – Corporate Credit Union.

    383-E:13-1301 Corporate Credit Union. – A corporate credit union may be incorporated under this chapter and shall be subject to all parts of this chapter not inconsistent with this subdivision. Source. 2015, 272:16, eff. Oct. 1, 2015.

Section 383-E:13-1302 – Purposes.

    383-E:13-1302 Purposes. – A corporate credit union is a cooperative nonprofit association whose members consist primarily of other credit unions and whose purposes are: (a) To accumulate and prudently manage the liquidity of its member credit unions through interlending and investment services; (b) To act as an intermediary for credit union funds between members […]

Section 383-E:13-1303 – Membership.

    383-E:13-1303 Membership. – (a) Membership in the corporate credit union shall consist of and be limited to the subscribers to the articles of incorporation, credit unions organized under this chapter, credit unions organized under the Federal Credit Union Act or under any other credit union act, organizations or associations of credit unions, and such […]

Section 383-E:13-1304 – Charter and Name Exclusive.

    383-E:13-1304 Charter and Name Exclusive. – Only one corporate credit union shall be incorporated under this chapter and no other credit union may use the term "corporate credit union" as a part of its name. Source. 2015, 272:16, eff. Oct. 1, 2015.

Section 383-E:13-1305 – Application; Organization.

    383-E:13-1305 Application; Organization. – Application to form a corporate credit union shall be made in writing to the commissioner. The application shall contain the names of at least 15 credit unions which have agreed to subscribe to shares in the corporate credit union at the time the application is made. (a) The application shall […]

Section 383-E:13-1306 – Powers and Privileges.

    383-E:13-1306 Powers and Privileges. – A corporate credit union shall enjoy the powers and privileges of any other credit union incorporated under this chapter. In addition to such powers and privileges, and notwithstanding any limitations or restrictions found elsewhere in this chapter, a corporate credit union may: (a) Accept shares or deposits in any […]

Section 383-E:13-1307 – Powers.

    383-E:13-1307 Powers. – The corporate credit union may exercise such incidental powers or privileges as are conferred upon federal corporate credit unions, subject to the approval of the commissioner. Source. 2015, 272:16, eff. Oct. 1, 2015.