N.H. Rev. Stat. § 383-E:5-508

Current through the 2024 Legislative Session
Section 383-E:5-508 - Borrowing

The board of directors at any regular or special meeting may, by majority vote, authorize borrowing of specified amounts of money. At no time may the total borrowing exceed 30 percent of its total paid-in shares and deposits, guaranty fund, and undivided earnings without approval of the commissioner.

RSA 383-E:5-508

Added by 2015, 272:16, eff. 10/1/2015.

2015, 272:16, eff. Oct. 1, 2015.