§412:6-101  Necessity for savings bankcharter.  Except as expressly permitted by federal law or this chapter, noperson shall engage in any activity for which a charter to operate as a savingsbank is required by this chapter, including without limitation thesolicitation, acceptance, and holding of deposits in this State, the use of theterm "savings bank", or the exercise of such other powers orprivileges restricted to savings banks under applicable law, unless it is acorporation incorporated in this State and has such a savings bank charter. [L1993, c 350, pt of §1; am L 2002, c 40, §30]