New Hampshire § 383-E:3-307 Action on Application

New Hampshire Statutes

§ 383-E:3-307 — Action on Application

New Hampshire § 383-E:3-307

Title XXXVBANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS

Ch. 383-ECREDIT UNION ACT

SubdivisionARTICLE 3Organization

This text of New Hampshire § 383-E:3-307 (Action on Application) 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-E:3-307 (2026).

Text

(a)If the commissioner determines that the application meets all of the requirements of this chapter and other applicable federal and state laws, the commissioner shall grant a charter to the credit union by issuing a notice of approval of the organization of the credit union, subject to such terms and conditions as determined by the commissioner, and endorsing the credit union's bylaws to indicate the commissioner's approval.

(b)If the application is denied, it shall be dismissed and no new application concerning the same proposal may be filed within one year thereafter.

(c)If the commissioner determines that the application does not satisfy the standards in RSA 383-E:3-307(a), but could satisfy the standards if the application were revised, he or she shall so notify the organizer; and

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

(a) If the commissioner determines that the application meets all of the requirements of this chapter and other applicable federal and state laws, the commissioner shall grant a charter to the credit union by issuing a notice of approval of the organization of the credit union, subject to such terms and conditions as determined by the commissioner, and endorsing the credit union's bylaws to indicate the commissioner's approval.
(b) If the application is denied, it shall be dismissed and no new application concerning the same proposal may be filed within one year thereafter.
(c) If the commissioner determines that the application does not satisfy the standards in RSA 383-E:3-307(a), but could satisfy the standards if the application were revised, he or she shall so notify the organizer; and in such case the organizer may refile the application under RSA 383-A:6-602.