BANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS
BANK AND CREDIT UNION REGULATORY AND ENFORCEMENT
Organization of State Banks
383-A:3-319 Rules of Construction; Procedural Requirements Regarding Filings.
(a) The applicable Organizations Act shall govern the internal affairs of state banks, except that, if there are any conflicts or inconsistencies under an Organizations Act with the provisions of the Banking Acts, the applicable provisions of the Banking Acts shall prevail.
(b) Except as provided in subsection (c) or RSA 383-A:3-316(b), all documents that may be filed or are required to be filed with the secretary of state under an Organizations Act shall be filed first with the commissioner. The commissioner shall review the documents and may give his or her approval to them subject to reasonable conditions that he or she may impose. Any documents so approved by the commissioner shall be then filed with the secretary of state in conformity with the applicable Organizations Act.
(c) A state bank organized as a corporation is exempt from filing annual reports and from administrative dissolution under the Corporation Act, and a state bank organized as a limited liability company is exempt from filing annual reports and from administrative dissolution under the LLC Act.
Source. 2015, 272:16, eff. Oct. 1, 2015.