BANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS
BANK AND CREDIT UNION REGULATORY AND ENFORCEMENT
Capital, Fidelity Bond, and Errors and Omissions Insurance
383-A:4-402 Capital Maintenance.
After it is organized, a state bank shall maintain a minimum level of capital required by the commissioner to operate in a safe and sound manner based upon his or her examination of the bank. The commissioner may require any state bank to increase its capital from time to time as may be necessary for its safe and sound operation. A board of directors may increase the capital of the state bank at any time and shall give notice to the commissioner of any increase within 30 days of receiving the additional capital. The board of directors of a state bank may not reduce its capital, unless it files an application for approval of the proposed change to the commissioner as provided in RSA 383-A:6-602 and it is permitted to do so by the commissioner.
Source. 2015, 272:16, eff. Oct. 1, 2015.