Section 386:12 Capital Stock. - New-hampshire Statutes

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Statutes > New-hampshire > TITLEXXXV > CHAPTER386 > 386-12

Until the general deposits of a guaranty savings bank or a bank conducted as a guaranty savings bank shall exceed $1,000,000, its capital stock shall at all times be equal to 10 percent of its general deposits. After the general deposits exceed $1,000,000, said banks shall carry each year to a guaranty fund so much of their net earnings as shall maintain an unimpaired guaranty fund of 5 percent for all deposits in excess of $1,000,000.

Source. 1921, 71:1. PL 261:21. RL 309:13. RSA 386:12. 1975, 86:1, eff. June 14, 1975.

State Codes and Statutes

Statutes > New-hampshire > TITLEXXXV > CHAPTER386 > 386-12

Until the general deposits of a guaranty savings bank or a bank conducted as a guaranty savings bank shall exceed $1,000,000, its capital stock shall at all times be equal to 10 percent of its general deposits. After the general deposits exceed $1,000,000, said banks shall carry each year to a guaranty fund so much of their net earnings as shall maintain an unimpaired guaranty fund of 5 percent for all deposits in excess of $1,000,000.

Source. 1921, 71:1. PL 261:21. RL 309:13. RSA 386:12. 1975, 86:1, eff. June 14, 1975.

State Codes and Statutes

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State Codes and Statutes

Statutes > New-hampshire > TITLEXXXV > CHAPTER386 > 386-12

Until the general deposits of a guaranty savings bank or a bank conducted as a guaranty savings bank shall exceed $1,000,000, its capital stock shall at all times be equal to 10 percent of its general deposits. After the general deposits exceed $1,000,000, said banks shall carry each year to a guaranty fund so much of their net earnings as shall maintain an unimpaired guaranty fund of 5 percent for all deposits in excess of $1,000,000.

Source. 1921, 71:1. PL 261:21. RL 309:13. RSA 386:12. 1975, 86:1, eff. June 14, 1975.