New Hampshire Statutes
§ 383-E:5-508 — Borrowing
New Hampshire § 383-E:5-508
JurisdictionNew Hampshire
Title XXXVBANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS
Ch. 383-ECREDIT UNION ACT
SubdivisionARTICLE 5Directors and Officers
This text of New Hampshire § 383-E:5-508 (Borrowing) 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:5-508 (2026).
Text
The board of directors at any regular or special meeting may, by majority vote, authorize borrowing of specified amounts of money. At no time may the total borrowing exceed 30 percent of its total paid-in shares and deposits, guaranty fund, and undivided earnings without approval of the commissioner.
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Legislative History
2015, 272:16, eff. Oct. 1, 2015.
Nearby Sections
15
§ 383-E:1-101
Short Title§ 383-E:1-102
Scope§ 383-E:1-103
Reservation of Power to Amend or Repeal§ 383-E:1-104
Commissioner§ 383-E:10-1001
Procedural Requirements§ 383-E:10-1002
Required Vote§ 383-E:10-1003
Name Change§ 383-E:10-1004
Branch Offices§ 383-E:11-1101
State Credit Union to Federal Credit Union§ 383-E:11-1102
Federal Credit Union to State Credit Union§ 383-E:11-1103
Rules§ 383-E:12-1201
Dissolution§ 383-E:12-1202
Procedure§ 383-E:13-1301
Corporate Credit Union§ 383-E:13-1302
PurposesCite This Page — Counsel Stack
Bluebook (online)
New Hampshire § 383-E:5-508, Counsel Stack Legal Research, https://law.counselstack.com/statute/nh/383-E/383-E%3A5-508.