State Codes and Statutes
Statutes > New-hampshire > TITLEXXXV > CHAPTER386-A > 386-A-19Such corporation shall not begin the transaction of business until it has furnished proof of its ability to satisfy any conditions imposed by the board under RSA 386-A:7 and until the initial amount of capital established by the board, represented by the issuance of capital debentures (in the case of a mutual savings bank) or by the issuance of special deposit or capital stock (in the case of a guaranty savings bank), shall have been actually paid in in cash. Upon proof thereof to the bank commissioner, he shall issue to the corporation a certificate of authority to commence business. It shall be unlawful for any such corporation to commence business prior to the issuance of such certificate.
Source. 1965, 279:1, eff. Sept. 4, 1965.
