New Hampshire § 384-F:7 Citizenship and Residency Requirements for Directors of State Banks

New Hampshire Statutes

§ 384-F:7 — Citizenship and Residency Requirements for Directors of State Banks

New Hampshire § 384-F:7

Title XXXVBANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS

Ch. 384-FTHE NEW HAMPSHIRE INTERNATIONAL BANKING ACT

SubdivisionDomestic Banks Owned or Controlled by Foreign Banks and Other Foreign Persons

This text of New Hampshire § 384-F:7 (Citizenship and Residency Requirements for Directors of State Banks) 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. § 384-F:7 (2026).

Text

Notwithstanding any other provision of the laws and rules of this state, the citizenship and residency requirements otherwise applicable to members of the board of directors of any New Hampshire bank may, in the case of a New Hampshire bank which is a subsidiary or affiliate of a foreign bank, be waived by the commissioner in his or her discretion upon application by the controlling shareholder of the New Hampshire bank; provided that at least a majority of the directors shall be citizens of the United States and at least a majority of the directors shall be residents of this state.

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Notwithstanding any other provision of the laws and rules of this state, the citizenship and residency requirements otherwise applicable to members of the board of directors of any New Hampshire bank may, in the case of a New Hampshire bank which is a subsidiary or affiliate of a foreign bank, be waived by the commissioner in his or her discretion upon application by the controlling shareholder of the New Hampshire bank; provided that at least a majority of the directors shall be citizens of the United States and at least a majority of the directors shall be residents of this state.