New Hampshire § 383-A:3-303 Type of Entity;  Conversion

New Hampshire Statutes

§ 383-A:3-303 — Type of Entity; Conversion

New Hampshire § 383-A:3-303

Title XXXVBANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS

Ch. 383-ABANK AND CREDIT UNION REGULATORY AND ENFORCEMENT

SubdivisionARTICLE 3Organization of State Banks

This text of New Hampshire § 383-A:3-303 (Type of Entity; Conversion) is published on Counsel Stack Legal Research, covering New Hampshire primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.H. Rev. Stat. Ann. § 383-A:3-303 (2026).

Text

(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.

(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.

Free access — add to your briefcase to read the full text and ask questions with AI

(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.
(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.