{"data":{"id":"us-nh/rsa-383-a-3-303","jurisdiction":"us-nh","citation":"RSA 383-A:3-303","heading":"Type of Entity; Conversion.","body":"(a) A state bank may be organized as a corporation under the Corporation Act or as a limited liability company under the LLC Act. A depository bank organized as a corporation may elect benefit corporation status in accordance with the New Hampshire Benefit Corporation Act.\n(b) A state bank organized as a corporation may convert to a limited liability company in accordance with the Organizations Acts. A state bank organized as a limited liability company may convert to a corporation in accordance with the Organizations Acts.","path":["Title XXXV: BANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS","Chapter ARTICLE 3: Organization of State Banks"],"source_url":"https://gc.nh.gov/rsa/html/XXXV/383-A/383-A-3-303.htm","current_through":"2025 regular legislative session, or December 2025","vintage":"","retrieved_at":"2026-09-05T15:44:32Z","sha256":"381b77b961588c456d8158ecb94f6a36dbda533611d140ee807f85f9c88f7afa","source_id":"us-nh","stale":false,"prev":"us-nh/rsa-383-a-3-302","next":"us-nh/rsa-383-a-3-304"},"notice":"GroundRules: Original legal text. Not legal advice."}