New Hampshire § 383-B:9-907 Waiver of Deposit Limitation

New Hampshire Statutes

§ 383-B:9-907 — Waiver of Deposit Limitation

New Hampshire § 383-B:9-907

Title XXXVBANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS

Ch. 383-BDEPOSITORY BANK ACT

SubdivisionARTICLE 9Combinations and Acquisitions

This text of New Hampshire § 383-B:9-907 (Waiver of Deposit Limitation) 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:9-907 (2026).

Text

In any transaction involving the combination of any banks or bank holding companies, if one or more of such banks or bank holding companies is in such condition that the Federal Deposit Insurance Corporation or any other federal agency having supervisory authority over banks or bank holding companies in New Hampshire could take action which would result in a combination or other similar structural change, and in the absence of such federal action such a change would be prevented by any deposit limitation contained in this article, the commissioner may waive such deposit limitation. The waiver shall be binding upon the commissioner in any proceeding involving the combination of such bank, banks, or bank holding company.

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In any transaction involving the combination of any banks or bank holding companies, if one or more of such banks or bank holding companies is in such condition that the Federal Deposit Insurance Corporation or any other federal agency having supervisory authority over banks or bank holding companies in New Hampshire could take action which would result in a combination or other similar structural change, and in the absence of such federal action such a change would be prevented by any deposit limitation contained in this article, the commissioner may waive such deposit limitation. The waiver shall be binding upon the commissioner in any proceeding involving the combination of such bank, banks, or bank holding company.