New Hampshire § 383-B:8-802 Conversion of State Depository Bank Into a National Bank or Federal Savings Bank

New Hampshire Statutes

§ 383-B:8-802 — Conversion of State Depository Bank Into a National Bank or Federal Savings Bank

New Hampshire § 383-B:8-802

Title XXXVBANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS

Ch. 383-BDEPOSITORY BANK ACT

SubdivisionARTICLE 8Conversion of Federal Banks and State Depository Banks

This text of New Hampshire § 383-B:8-802 (Conversion of State Depository Bank Into a National Bank or Federal Savings Bank) 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-B:8-802 (2026).

Text

A depository bank may convert into a national bank or federal savings bank. The conversion shall be governed by federal law and not the law of this state, except that the conversions shall be approved by a majority of the holders of each class of voting stock of an investor-owned depository bank, the corporators of a mutual savings bank, or the association members of a savings association, or by a higher percentage if required by the entity's organizational documents.

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A depository bank may convert into a national bank or federal savings bank. The conversion shall be governed by federal law and not the law of this state, except that the conversions shall be approved by a majority of the holders of each class of voting stock of an investor-owned depository bank, the corporators of a mutual savings bank, or the association members of a savings association, or by a higher percentage if required by the entity's organizational documents.