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RSA 383-A:4-402 · Capital Maintenance
383-A:4-402 Capital Maintenance. – After it is organized, a state bank shall maintain a minimum level of capital required by the commissioner to operate in a safe and sound manner based upon his or her examination of the bank. The commissioner may require any state bank to increase its capital from time to time as may be necessary for its safe and sound operation. A board of directors may increase the capital of the state bank at any time and shall give notice to the commissioner of any increase within 30 days of receiving the additional capital. The board of directors of a state bank may not reduce its capital, unless it files an application for approval of the proposed change to the commissioner as provided in RSA 383-A:6-602 and it is permitted to do so by the commissioner. Source. 2015, 272:16, eff. Oct. 1, 2015.
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Source. 2015, 272:16, eff. Oct. 1, 2015.
Source history
- 2015, 272:16, eff. Oct. 1, 2015
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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