State Codes and Statutes
Statutes > New-hampshire > TITLEXXXV > CHAPTER387 > 387-27Any security which at the time of its purchase constitutes a legal investment under the laws and conditions then existing may be retained under RSA 387:18 notwithstanding the fact that because of conditions arising subsequent to the purchase of such security, its purchase or holding might not then be legal. Any security held which becomes nonlegal because of changes in the law relating to legal investments may be retained outside of RSA 387:18 upon application to the bank commissioner for approval to retain the security. If approval is denied the security may be retained under RSA 387:18.
Source. 1953, 195:1, par. 27. RSA 387:27. 1979, 300:19, eff. Nov. 1, 1979.
