CHAPTER Ban 500  ADOPTION OF RULES UNDER RSA 394-A GRANTING STATE-CHARTERED FINANCIAL INSTITUTIONS POWERS OF CORRESPONDING FEDERALLY- CHARTERED FINANCIAL INSTITUTIONS

 

PART Ban 501  FORMAT AND PROCEDURES FOR PETITIONING OF COMMISSIONER - RESERVED

 

          Ban 501.01 - 501.03 - REPEALED

 

Source.  #1798, eff 8-23-81, became EXEMPT from expiration pursuant to 1983, 287:2, eff 6-18-83; rpld by #12356, eff 8-3-17

 

PART Ban 502  DEPOSITS OF PUBLIC MONEY IN THRIFT INSTITUTIONS - RESERVED

 

          Ban 502.01 - 502.06 -  REPEALED

 

Source.  #1840, eff 11-2-81, became EXEMPT from expiration pursuant to 1983, 287:2, eff 6-18-83; rpld by #12356, eff 8-3-17

 

PART Ban 503  COMMERCIAL, CORPORATE OR BUSINESS LOANS OF THRIFT INSTITUTIONS - RESERVED

 

          Ban 503.01 - 503.04 - REPEALED

 

Source.  #1840, eff 11-2-81, became EXEMPT from expiration pursuant to 1983, 287:2, eff 6-18-83; rpld by #12356, eff 8-3-17

 

PART Ban 504  COMMERCIAL, CORPORATE OR BUSINESS DEMAND DEPOSITS IN THRIFT INSTITUTIONS - REPEALED

 

Source.  #1840, eff 11-2-81; rpld by #4108, eff 8-6-86

 

PART Ban 505  TRUST POWERS OF THRIFT INSTITUTIONS - REPEALED

 

          Ban 505.01 - 505.04 - REPEALED

 

Source.  #1845, eff 11-9-81, became EXEMPT from expiration pursuant to 1983, 287:2, eff 6-18-83; rpld by #12356, eff 8-3-17

 

PART Ban 506  SALE OF FEDERAL FUNDS BY STATE CHARTERED CREDIT UNIONS - RESERVED

 

          Ban 506.01 - 506.07 - REPEALED

 

Source.  #1853, eff 11-16-81, became EXEMPT from expiration pursuant to 1983, 287:2, eff 6-18-83; rpld by #12356, eff 8-3-17

 

PART Ban 507  NON-INTEREST BEARING NEGOTIABLE ORDERS OF WITHDRAWAL FOR BUSINESS CUSTOMERS (NINOWS) - EXPIRED

 

          Ban 507.01  Commercial Deposits Allowed.

 

Source.  #1868, eff 12-4-81, EXPIRED: 12-4-83

 

          Ban 507.02  Deposit Rules Required.

 

Source.  #1868, eff 12-4-81, EXPIRED: 12-4-83

 

PART Ban 508  INVESTMENTS OF THRIFT INSTITUTIONS IN SERVICE CORPORATIONS – RESERVED

 

          Ban 508.01 – 508.06 – REPEALED

 

Source.  #1897, eff 1-04-82, became EXEMPT from expiration pursuant to 1983, 287:2, eff 6-18-83; ss by #3034, eff 7-7-85, EXEMPT from expiration; rpld by #12356, eff 8-3-17

 

PART Ban 509  VOTING PROXIES IN CONVERSION OF MUTUAL BANKS TO STOCK BANKS (CO-OPERATIVE BANKS) - RESERVED

 

          Ban 509.01  REPEALED

 

Source.  #1987, eff 3-26-82, became EXEMPT from expiration pursuant to 1983, 287:2, eff 6-18-83; rpld by #12356, eff 8-3-17

 

PART Ban 510  CREDIT UNION POWERS

 

          Ban 510.01  Definitions.

 

          (a)  "Corporate central credit union" or "corporate central" means a credit union operated for the primary purpose of serving corporate accounts or other credit union accounts.

 

          (b)  "Service corporations" means any other organization providing services which are associated with the routine operations of credit unions.

 

          (c)  "Federal credit union act" means the act of June 26, 1934 including subchapters, as amended from time to time.  (Chapter 14 of Title 12 of the U.S. Code)

 

          (d)  "Commissioner" means the same as provided in Ban 101.01.

 

          (e)  "Department" means the same as provided in Ban 101.02.

 

          (f)  "Credit union" means any corporation organized under RSA 394-B or by legislative charter.

 

          (g)  "National credit union central liquidity facility" means the same as the "central liquidity facility" or "facility" as established by subchapter III of the Federal Credit Union Act.

 

          (h)  "Undivided earnings" or "undivided profits" means the account to which current net earnings or profits are credited and consists of undistributed earnings available for dividends and losses.

 

          (i)  "Surplus account" means the total of the credit union guaranty fund account, undivided profits account and reserve accounts, if any.

 

          (j)  "Share capital and deposit capital" means the member shares and deposits of the credit union.

 

Source.  #2120, eff 8-12-82, became EXEMPT from expiration pursuant to 1983, 287:2, eff 6-18-83; amd by #7632, eff
1-29-02, EXEMPT from expiration

 

          Ban 510.02 - REPEALED

 

Source.  #2120, eff 8-12-82, became EXEMPT from expiration pursuant to 1983, 287:2, eff 6-18-83; rpld by #12356, eff 8-3-17

 

          Ban 510.03  Investments in Service Corporations.  A credit union may invest its funds in the shares, stocks or obligations of any organization, providing services which are associated with the routine operations of credit unions up to 1% of the total paid in and unimpaired share and deposit capital and surplus account of the credit union with the approval of the commissioner, provided, however, that such authority does not include the power to acquire control directly or indirectly of another financial institution, nor invest in shares, stocks or obligations of an insurance company, trade association, liquidity facility or any other similar organization, corporation or association.

 

Source.  #2120, eff 8-12-82, became EXEMPT from expiration pursuant to 1983, 287:2, eff 6-18-83

 

          Ban 510.04 - 510.05 - REPEALED

 

Source.  #2120, eff 8-12-82, became EXEMPT from expiration pursuant to 1983, 287:2, eff 6-18-83; rpld by #12356, eff 8-3-17

 

          Ban 510.06  Investment in National Credit Union Central Liquidity Facility.  A credit union may invest in shares or deposits of any central liquidity facility in which such investments are specifically authorized by the board of directors of the credit union making the investment.

 

Source.  #2120, eff 8-12-82, became EXEMPT from expiration pursuant to 1983, 287:2, eff 6-18-83

 

          Ban 510.07  Loans and Lines of Credit to Members. - REPEALED

 

Source.  #4716, eff 12-6-89, EXPIRED: 12-6-95; rpld by #12356, eff 8-3-17

          Ban 510.08 – REPEALED

 

Source.  #6071, eff 7-29-95, EXEMPT from expiration; rpld by #12356, eff 8-3-17

 

Ban 510.09  Credit Union Branching. - EXPIRED

 

Source.  #8486, eff 11-11-05, EXPIRED: 11-11-13

Source.

PART Ban 511  DIVIDENDS AND INTEREST PAID BY THRIFT INSTITUTIONS - RESERVED

 

          Ban 511.01 - 511.03  RESERVED

 

Source.  #2121, eff 8-12-82, became EXEMPT from expiration pursuant to 1983, 287:2, eff 6-18-83; rpld by #12356, eff 8-3-17

 

PART Ban 512  DEPOSITS IN FINANCIAL INSTITUTIONS - RESERVED

 

          Ban 512.01 - 512.02 - REPEALED

 

Source.  #2132, eff 9-17-82, became EXEMPT from expiration pursuant to 1983, 287:2, eff 6-18-83; rpld by #12356, eff 8-3-17

 

PART Ban 513  DISTRIBUTION OF PROFITS AND DIVIDENDS BY STATE-CHARTERED THRIFT INSTITUTIONS (COOPERATIVE BANKS) – RESERVED

 

          Ban 513.01 - 513.02 – REPEALED

 

Source.  #2469-a, eff 9-8-83, EXEMPT from expiration; rpld by #12356, eff 8-3-17

 

PART Ban 514  INTERSTATE LENDING AUTHORITY - RESERVED

 

          Ban 514.01 - 514.02 - REPEALED

 

Source.  #2470, eff 9-7-83, EXEMPT from expiration; rpld by #12356, eff 8-3-17

 

PART Ban 515  RECEIPT OF FUNDS FROM OTHER CREDIT UNIONS - RESERVED

 

          Ban 515.01 - REPEALED

 

Source.  #2548, eff 1-5-84, EXEMPT from expiration; rpld by #12356, eff 8-3-17

 

PART Ban 516  SERVICE CHARGES ON SAVINGS ACCOUNTS OF STATE CHARTERED THRIFT INSTITUTIONS (BUILDING AND LOAN ASSOCIATIONS AND/OR CO-OPERATIVE BANKS) - RESERVED

 

          Ban 516.01 - 516.02 - REPEALED

 

Source.  #2611, eff 3-3-84, EXEMPT from expiration; rpld by #12356, eff 8-3-17

 

PART Ban 517  CORPORATE TITLE OF THRIFT INSTITUTIONS - RESERVED

 

          Ban 517.01 - 517.02 – REPEALED

 

Source.  #2699, eff 5-4-84, EXEMPT from expiration; rpld by #12356, eff 8-3-17

 

          Ban 517.03  Approval by Bank Commissioner. - REPEALED

 

Source.  #2699, eff 5-4-84; rpld by #5263, eff 10-31-91

 

PART Ban 518 - RESERVED

 

Source.  #2700, eff 5-4-84, EXEMPT from expiration, rpld by #6858, eff 9-25-98

 

PART Ban 519  REQUIREMENTS AND PROCEDURES FOR CONVERSIONS OF MUTUAL SAVINGS BANKS AND ASSOCIATIONS TO STOCK FORM - RESERVED

 

          Ban 519.01 - 519.10 - REPEALED

 

Source.  #5663, eff 7-2-93, EXEMPT from expiration; rpld by #12356, eff 8-3-17

 

PART Ban 520  REQUIREMENTS AND PROCEDURES FOR RETAIL SALES OF MUTUAL FUNDS AND OTHER UNINSURED PRODUCTS - RESERVED

 

          Ban 520.01 - 520.03 – REPEALED

 

Source.  #5883, eff 8-24-94, EXEMPT from expiration; rpld by #12356, eff 8-3-17

 

PART Ban 522  REAL ESTATE LENDING STANDARDS - RESERVED

 

          Ban 522.01 - 522.02 – REPEALED

 

Source.  #5896, eff 9-15-94, EXEMPT from expiration; rpld by #12356, eff 8-3-17

 

PART Ban 523  NATIONAL BANK POWERS - RESERVED

 

Statutory Authority:  RSA 394-A:7

 

          Ban 523.01 - 523.03 – REPEALED

 

Source.  #6260, eff 5-31-96, EXEMPT from expiration; ss by #9590, eff 11-9-09, EXEMPT from expiration; rpld by #12356, eff 8-3-17

 

          Ban 523.04 – REPEALED

 

Source.  #9590, eff 11-9-09, EXEMPT from expiration; rpld by #12356, eff 8-3-17

 

PART Ban 524  AFFILIATE AGENCY POWERS - RESERVED

 

          Ban 524.01 - 524.02 – REPEALED

 

Source.  #6315, eff 8-10-96, EXEMPT from expiration; rpld by #12356, eff 8-3-17

 

PART Ban 525  FEDERAL SAVINGS ASSOCIATION POWERS - RESERVED

 

Statutory Authority:  RSA 394-A:7

 

          Ban 525.01 - 525.03 – REPEALED

 

Source.  #7461, eff 3-16-01, EXEMPT from expiration; ss by #9591, eff 11-9-09, EXEMPT from expiration; rpld by #12356, eff 8-3-17

 

          Ban 525.04 - 525.05 – REPEALED

 

Source.  #9591, eff 11-9-09, EXEMPT from expiration; rpld by #12356, eff 8-3-17

 

PART Ban 526 F EDERAL CREDIT UNION POWERS - RESERVED

 

Statutory Authority:  RSA 394-A:7

 

          Ban 526.01 - 526.04 – REPEALED

 

Source.  #9592, eff 11-9-09, EXEMPT from expiration; rpld by #12356, eff 8-3-17

 


APPENDIX

 

RULE

STATUTE

 

 

Ban 510.09

RSA 394-B:52-a