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RSA 395:27 · By Commissioner

Title: XXXV: BANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS
Chapter: 395 · LIQUIDATION UNDER SUPERVISION OF THE BANK COMMISSIONER
Status: current
Official source linked: Yes

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395:27 By Commissioner. – Whenever it appears to the commissioner advisable, or upon the petition of the trustees or directors of the institution, he may, with the approval of a justice of the superior court, reduce pro rata the deposit account of each depositor therein, whenever the value of its assets is less than the total amount of its deposits. Source. 1911, 68:16. PL 268:26. RL 316:27.

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Source note

Source. 1911, 68:16. PL 268:26. RL 316:27.

Source history

1911, 68:16. PL 268:26. RL 316:27