TITLE XXXV BANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS
CHAPTER 383-A BANK AND CREDIT UNION REGULATORY AND ENFORCEMENT
ARTICLE 5 Management and Operations
Section 383-A:5-506
383-A:5-506 Committees. –
(a) Subject to its oversight and any limitation set forth in the organizational documents, the board of directors of a state bank may create one or more committees, delegate to each committee any powers and duties that the board of directors deems appropriate, and appoint one or more directors, officers, and other natural persons to serve on each committee.
(b) Each member of a committee shall be subject to the same standards of conduct to which a director is subject under RSA 383-A:5-505(b).
(c) Each committee shall keep minutes of its activities and shall report to the board of directors as frequently as the board of directors requires.
(d) The creation of, delegation of power or duties to, or action by a committee does not alone constitute a director's compliance with the standards of conduct described in RSA 383-A:5-505(b).