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RSA 383-A:3-303 · Type of Entity; Conversion

Title: XXXV: BANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS
Chapter: 383-A · BANK AND CREDIT UNION REGULATORY AND ENFORCEMENT
Status: current
Official source linked: Yes

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383-A:3-303 Type of Entity; Conversion. –

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(a)

A state bank may be organized as a corporation under the Corporation Act or as a limited liability company under the LLC Act. A depository bank organized as a corporation may elect benefit corporation status in accordance with the New Hampshire Benefit Corporation Act.

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(b)

A state bank organized as a corporation may convert to a limited liability company in accordance with the Organizations Acts. A state bank organized as a limited liability company may convert to a corporation in accordance with the Organizations Acts. Source. 2015, 272:16, eff. Oct. 1, 2015. 2021, 51:10, eff. July 24, 2021.

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Source note

Source. 2015, 272:16, eff. Oct. 1, 2015. 2021, 51:10, eff. July 24, 2021.

Source history

2015, 272:16, eff. Oct. 1, 2015
2021, 51:10, eff. July 24, 2021

Related materials

Bill relationships

2026 HB359 amend
objective standard. Be it Enacted by the Senate and House of Representatives in General Court convened: 1 New Section; Anti-Discrimination; Financial Institutions. Amend RSA 383-A by inserting after section 383-A:5-511-a the following new section: 383-A:5-511-b Denial or Withholding of Financial Services. I. In this section, "financial institution" means a state or national bank, a savings