Section 386:13 Guaranty Fund. - New-hampshire Statutes

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Statutes > New-hampshire > TITLEXXXV > CHAPTER386 > 386-13

Any excess of the capital stock over $100,000 shall be considered as part of the guaranty fund and not be subject to any laws relating to capital stock of guaranty savings banks but shall be subject to the laws governing the guaranty fund of mutual savings banks. The guaranty fund shall not be used to pay dividends but may be transferred at any time to the capital stock.

Source. 1921, 71:1. PL 261:22. RL 309:14. RSA 386:13. 1975, 86:1, eff. June 14, 1975.

State Codes and Statutes

Statutes > New-hampshire > TITLEXXXV > CHAPTER386 > 386-13

Any excess of the capital stock over $100,000 shall be considered as part of the guaranty fund and not be subject to any laws relating to capital stock of guaranty savings banks but shall be subject to the laws governing the guaranty fund of mutual savings banks. The guaranty fund shall not be used to pay dividends but may be transferred at any time to the capital stock.

Source. 1921, 71:1. PL 261:22. RL 309:14. RSA 386:13. 1975, 86:1, eff. June 14, 1975.

State Codes and Statutes

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State Codes and Statutes

Statutes > New-hampshire > TITLEXXXV > CHAPTER386 > 386-13

Any excess of the capital stock over $100,000 shall be considered as part of the guaranty fund and not be subject to any laws relating to capital stock of guaranty savings banks but shall be subject to the laws governing the guaranty fund of mutual savings banks. The guaranty fund shall not be used to pay dividends but may be transferred at any time to the capital stock.

Source. 1921, 71:1. PL 261:22. RL 309:14. RSA 386:13. 1975, 86:1, eff. June 14, 1975.