A depository bank may convert into a national bank or federal savings bank. The conversion shall be governed by federal law and not the law of this state, except that the conversions shall be approved by a majority of the holders of each class of voting stock of an investor-owned depository bank, the corporators of a mutual savings bank, or the association members of a savings association, or by a higher percentage if required by the entity's organizational documents.
N.H. Rev. Stat. Ann. § 383-B:8-802
Conversion of State Depository Bank Into a National Bank or Federal Savings Bank
Known as the Depository Bank Act
The act spans §§ 383-B:10-1001 to 383-B:9-908 (61 sections).
Source. 2015, 272:16, eff
Official source: New Hampshire General Court. Reproduced from public-domain New Hampshire statutes; confirm against the official source for the current text. Not legal advice.