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New Hampshire · Through 2025 regular legislative session, or December 2025

RSA 383-A:3-318: Material Change in Operating Conditions.

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Where this section sits in the code
  1. Title XXXV: BANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS
  2. Chapter ARTICLE 3: Organization of State Banks

If a board of directors of a depository bank proposes to make a material change in the business plan, capital plan, or other factors considered by the commissioner in granting a charter to the depository bank within 3 years of its receipt of a certificate to engage in business under RSA 383-A:3-315, then the board of directors may not make the change unless it submits an application seeking approval of the change to the commissioner as provided in RSA 383-A:6-602 and it is permitted to do so by the commissioner. Notwithstanding the foregoing, the commissioner may extend the 3 year period by an additional 2 years for any depository bank subject to this section, if the commissioner determines such extension is necessary in the interest of safety and soundness.

Collected 2026-09-05T15:44:32Z. Source file · JSON

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