TITLE XXXV BANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS
CHAPTER 395 LIQUIDATION UNDER SUPERVISION OF THE BANK COMMISSIONER
Reduction of Deposits
Section 395:27
395:27 By Commissioner. –
Whenever it appears to the commissioner advisable, or upon the petition of the trustees or directors of the institution, he may, with the approval of a justice of the superior court, reduce pro rata the deposit account of each depositor therein, whenever the value of its assets is less than the total amount of its deposits.