GroundRules
RSA 395:27: By Commissioner.
Where this section sits in the code
- Title XXXV: BANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS
- Chapter 395: LIQUIDATION UNDER SUPERVISION OF THE BANK COMMISSIONER
- Reduction of Deposits
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.
Collected 2026-09-05T15:50:13Z. Source file · JSON