397:1 Banking Emergency. – Whenever it shall appear to the governor that the welfare of the state or any section thereof, or the welfare and security of banks and other institutions under the supervision of the bank commissioner, hereinafter referred to as banks, or their depositors or shareholders so require, he may proclaim that […]
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 […]
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.
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 […]
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 […]
397:6 Suspension of Laws. – All laws inconsistent herewith shall be suspended during the period of any banking emergency. Source. 1933, 25:7. RL 318:7.
