Section 386:8 Restrictions. - New-hampshire Statutes

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Statutes > New-hampshire > TITLEXXXV > CHAPTER386 > 386-8

A savings bank may deposit its funds in a national bank or trust company subject to the limitations of RSA 387:22 but such deposit shall not, at any time, exceed 100 percent of the capital, surplus and undivided profits of such national bank or trust company except with the approval in writing of the bank commissioner.

Source. 1874, 71:7. GL 170:16. PS 165:15. PL 261:17. 1933, 67:2. RL 309:9. RSA 386:8. 1963, 175:1, eff. Aug. 20, 1963.

State Codes and Statutes

Statutes > New-hampshire > TITLEXXXV > CHAPTER386 > 386-8

A savings bank may deposit its funds in a national bank or trust company subject to the limitations of RSA 387:22 but such deposit shall not, at any time, exceed 100 percent of the capital, surplus and undivided profits of such national bank or trust company except with the approval in writing of the bank commissioner.

Source. 1874, 71:7. GL 170:16. PS 165:15. PL 261:17. 1933, 67:2. RL 309:9. RSA 386:8. 1963, 175:1, eff. Aug. 20, 1963.

State Codes and Statutes

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State Codes and Statutes

Statutes > New-hampshire > TITLEXXXV > CHAPTER386 > 386-8

A savings bank may deposit its funds in a national bank or trust company subject to the limitations of RSA 387:22 but such deposit shall not, at any time, exceed 100 percent of the capital, surplus and undivided profits of such national bank or trust company except with the approval in writing of the bank commissioner.

Source. 1874, 71:7. GL 170:16. PS 165:15. PL 261:17. 1933, 67:2. RL 309:9. RSA 386:8. 1963, 175:1, eff. Aug. 20, 1963.