State Codes and Statutes
Statutes > New-hampshire > TITLEXXXV > CHAPTER386-A > 386-A-23A savings bank organized hereunder may accept savings deposits from any person, firm, association or corporation disposed to enjoy the advantages of such bank. Any such bank may classify its holders of interest bearing savings accounts according to the character, amount, duration, volume or regularity of their dealings with the bank, may by bylaw determine the privileges and obligations of each such class of depositors, and, subject to other applicable provisions of law, may divide the net income or profits of deposits, based on such classification, at such reasonable times and in such just manner and proportion and subject to such equitable rules and regulations as the bank may from time to time provide, so long as each depositor shall receive the same rate of interest as all others in his class. The right is reserved to such banks to refuse any sums offered for deposit and to repay deposits. In addition to the powers contained in its bylaws, any such bank may at any time require that up to 90 days' advance notice be given to it by each depositor prior to the withdrawal of any savings deposit or portion thereof; provided that written notice of any such action taken by the bank shall be given immediately to the bank commissioner.
Source. 1965, 279:1. 1969, 413:1, eff. Aug. 31, 1969.
