GroundRules
RSA 383-E:5-508: Borrowing.
Where this section sits in the code
- Title XXXV: BANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS
- Chapter ARTICLE 5: Directors and Officers
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.
Collected 2026-09-05T15:45:16Z. Source file · JSON