Section 387:24-a Nominee. - New-hampshire Statutes

State Codes and Statutes

Statutes > New-hampshire > TITLEXXXV > CHAPTER387 > 387-24-a

Notwithstanding the provisions of RSA 387:24, any savings bank may cause certificates for shares of stock, certificates of interest, registered bonds or other securities owned by it, to be registered and held in the name of a nominee without mention of the bank's ownership; provided that (1) the records of the bank clearly show its ownership of such securities and the name and address of the nominee in whose name the same are held; and (2) the nominee shall not have possession of, or uncontrolled access to, such securities; and (3) every nominee shall be bonded by the savings bank in question or the correspondent bank of such savings bank which has the custody of such securities.

Source. 1969, 410:1, eff. Aug. 31, 1969.

State Codes and Statutes

Statutes > New-hampshire > TITLEXXXV > CHAPTER387 > 387-24-a

Notwithstanding the provisions of RSA 387:24, any savings bank may cause certificates for shares of stock, certificates of interest, registered bonds or other securities owned by it, to be registered and held in the name of a nominee without mention of the bank's ownership; provided that (1) the records of the bank clearly show its ownership of such securities and the name and address of the nominee in whose name the same are held; and (2) the nominee shall not have possession of, or uncontrolled access to, such securities; and (3) every nominee shall be bonded by the savings bank in question or the correspondent bank of such savings bank which has the custody of such securities.

Source. 1969, 410:1, eff. Aug. 31, 1969.

State Codes and Statutes

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State Codes and Statutes

Statutes > New-hampshire > TITLEXXXV > CHAPTER387 > 387-24-a

Notwithstanding the provisions of RSA 387:24, any savings bank may cause certificates for shares of stock, certificates of interest, registered bonds or other securities owned by it, to be registered and held in the name of a nominee without mention of the bank's ownership; provided that (1) the records of the bank clearly show its ownership of such securities and the name and address of the nominee in whose name the same are held; and (2) the nominee shall not have possession of, or uncontrolled access to, such securities; and (3) every nominee shall be bonded by the savings bank in question or the correspondent bank of such savings bank which has the custody of such securities.

Source. 1969, 410:1, eff. Aug. 31, 1969.