New Hampshire § 383-A:3-313 Charter Rights;  Liability

New Hampshire Statutes

§ 383-A:3-313 — Charter Rights; Liability

New Hampshire § 383-A:3-313

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:3-313 (Charter Rights; Liability) 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:3-313 (2026).

Text

(a)Following the approval of the application by the commissioner and the filing of the organizational instrument with the secretary of state, the organizer of a state bank shall hold the rights to the charter.

(b)The organizer and all persons purporting to act as or on behalf of a state bank shall be personally, jointly, and severally liable for any liability created on behalf of the state bank before the filing of the state bank's organizational instrument with the secretary of state.

(c)The organizer and all other persons purporting to act as or on behalf of a state bank before the commissioner issues a certificate to the state bank authorizing it to begin the transaction of business under RSA 383-A:3-315 shall be personally, jointly, and severally liable for all liabilities in connec

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

(a) Following the approval of the application by the commissioner and the filing of the organizational instrument with the secretary of state, the organizer of a state bank shall hold the rights to the charter.
(b) The organizer and all persons purporting to act as or on behalf of a state bank shall be personally, jointly, and severally liable for any liability created on behalf of the state bank before the filing of the state bank's organizational instrument with the secretary of state.
(c) The organizer and all other persons purporting to act as or on behalf of a state bank before the commissioner issues a certificate to the state bank authorizing it to begin the transaction of business under RSA 383-A:3-315 shall be personally, jointly, and severally liable for all liabilities in connection with engaging in any unauthorized banking business.