RSA 384-F:43 Seizure of Foreign Bank's Property and Business; Liquidation.

Title: XXXV - BANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS Chapter: 384-F - THE NEW HAMPSHIRE INTERNATIONAL BANKING ACT

I. If the commissioner finds that any of the factors set forth in RSA 384-F:41 are true with respect to any foreign bank which is licensed to establish and maintain a New Hampshire state branch or New Hampshire state agency and that it is necessary for the protection of the interests of the creditors of such foreign bank's business in this state or for the protection of the public interest that he or she take immediate possession of the property and business of the foreign bank, the commissioner may by order forthwith take possession of the property and business of the foreign bank in this state and retain possession until the foreign bank resumes business in this state or is finally liquidated. The foreign bank may, with the consent of the commissioner, resume business in this stat

Log in to read the full statute text and search all NH RSAs.

Read Full Statute