New Hampshire § 383-A:3-318 Material Change in Operating Conditions

New Hampshire Statutes

§ 383-A:3-318 — Material Change in Operating Conditions

New Hampshire § 383-A:3-318

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:3-318 (Material Change in Operating Conditions) 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:3-318 (2026).

Text

If a board of directors of a depository bank proposes to make a material change in the business plan, capital plan, or other factors considered by the commissioner in granting a charter to the depository bank within 3 years of its receipt of a certificate to engage in business under RSA 383-A:3-315, then the board of directors may not make the change unless it submits an application seeking approval of the change to the commissioner as provided in RSA 383-A:6-602 and it is permitted to do so by the commissioner. Notwithstanding the foregoing, the commissioner may extend the 3 year period by an additional 2 years for any depository bank subject to this section, if the commissioner determines such extension is necessary in the interest of safety and soundness.

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

If a board of directors of a depository bank proposes to make a material change in the business plan, capital plan, or other factors considered by the commissioner in granting a charter to the depository bank within 3 years of its receipt of a certificate to engage in business under RSA 383-A:3-315, then the board of directors may not make the change unless it submits an application seeking approval of the change to the commissioner as provided in RSA 383-A:6-602 and it is permitted to do so by the commissioner. Notwithstanding the foregoing, the commissioner may extend the 3 year period by an additional 2 years for any depository bank subject to this section, if the commissioner determines such extension is necessary in the interest of safety and soundness.