State Codes and Statutes
Statutes > New-hampshire > TITLEXXXV > CHAPTER390 > 390-9Every such corporation receiving time and savings deposits or transacting the business of a savings bank shall keep invested only in the classes of securities and loans authorized for savings banks an amount, which when added to its reserves, is not less than the aggregate amount of all its savings deposits, subject to the limitations, however, contained in RSA 387:3, and subject to the further limitation that in determining the unsecured loaning limitation under RSA 387:5, IV, capital funds shall be construed to include capital debentures, if any, capital stock, surplus, and reserves not allocated to any known liability, and may invest its time deposits and the balance of its funds in loans and investments authorized for the commercial department of a trust company under the provisions of RSA 392:39 and 40.
Source. 1891, 23:1. PS 165:18. 1905, 32:1. PL 264:9. 1929, 37:1. RL 312:9. RSA 390:9. 1967, 23:3. 1969, 400:2, eff. Aug. 31, 1969.
