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.
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 396:1 – Regulation.
396:1 Regulation. – The bank commissioner upon the application of the board of trustees or directors of any institution under his supervision, may regulate the time, amount, and manner of payment and withdrawal of all classes of deposits; the reception of all classes of deposits; the investment of assets within statutory limits; the amount […]
Section 396:2 – Notice.
396:2 Notice. – Notice of any order of the commissioner made hereunder shall be sufficient if served on the treasurer or cashier or other person in charge of the business of the institution affected and on one other officer or a trustee or director thereof, but any order relating to the withdrawal, payment, or […]
Section 396:3 – Violation of Orders.
396:3 Violation of Orders. – It shall be unlawful for any such institution or officer, trustee, director, or employee thereof having notice or knowledge of any such order to violate the provisions thereof. Source. 1933, 114:1. RL 317:3.
Section 396:4 – Limitation of Actions.
396:4 Limitation of Actions. – No right of action by or for any party in interest, including persons under disability, shall lie at law or in equity for the recovery of any money or property in excess of that which may be paid or delivered by such institution under any such order. The assets […]
Section 396:5 – Conservator.
396:5 Conservator. – Whenever the commissioner shall deem it necessary in order to conserve the assets of any institution under his supervision for the benefit of the depositors and other creditors thereof, he may appoint a conservator of such institution and require of him such bond and security as the commissioner deems proper. The […]