RSA 384-F:35 · Separate Assets

384-F:35 Separate Assets. –

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I.

Each foreign bank which is licensed to establish and maintain a New Hampshire state branch or New Hampshire state agency in this state shall keep the assets of its business in this state separate and apart from the assets of its business outside this state.

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II.

The creditors of a foreign bank arising out of transactions with, and recorded on the books of, its New Hampshire state branch or New Hampshire state agency shall be entitled to absolute preference and priority over the creditors of such foreign bank's offices located outside this state with respect to the assets of such foreign bank in this state. Source. 1997, 236:1, eff. July 1, 1997.

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