The credit union shall have a lien on the shares, share certificates, deposits, deposit certificates, and accumulated dividends or interest of a member in his individual, joint or trust account, for any sum past due the credit union from said member or for any loan endorsed by him or her. The credit union shall also have a right of immediate set-off with respect to every account.
N.H. Rev. Stat. Ann. § 383-E:5-513
Lien and Right of Set-Off
Known as the Credit Union Act
The act spans §§ 383-E:10-1001 to 383-E:9-903 (85 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.