§412:7-101  Necessity for savings and loan
association charter.  Except as expressly permitted by federal law or this
chapter, no person shall engage in any activity for which a charter to operate
as a savings and loan association is required by this chapter, including
without limitation the solicitation, acceptance, and holding of deposits in
this State, the use of the term "savings and loan association", or
the exercise of such other powers or privileges restricted to savings and loan
associations under applicable law, unless it is a corporation incorporated in
this State and has such a charter. [L 1993, c 350, pt of §1; am L 2002, c 40,
§31]