New Hampshire Revised Statutes 383-A:5-506 – Committees
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(a) Subject to its oversight and any limitation set forth in the organizational documents, the board of directors of a state bank may create one or more committees, delegate to each committee any powers and duties that the board of directors deems appropriate, and appoint one or more directors, officers, and other natural persons to serve on each committee.
(b) Each member of a committee shall be subject to the same standards of conduct to which a director is subject under N.H. Rev. Stat. § 383-A:5-505(b).
(c) Each committee shall keep minutes of its activities and shall report to the board of directors as frequently as the board of directors requires.
(d) The creation of, delegation of power or duties to, or action by a committee does not alone constitute a director’s compliance with the standards of conduct described in N.H. Rev. Stat. § 383-A:5-505(b).
(b) Each member of a committee shall be subject to the same standards of conduct to which a director is subject under N.H. Rev. Stat. § 383-A:5-505(b).
Terms Used In New Hampshire Revised Statutes 383-A:5-506
- Oversight: Committee review of the activities of a Federal agency or program.
- state: when applied to different parts of the United States, may extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall include said district and territories. See New Hampshire Revised Statutes 21:4
(c) Each committee shall keep minutes of its activities and shall report to the board of directors as frequently as the board of directors requires.
(d) The creation of, delegation of power or duties to, or action by a committee does not alone constitute a director’s compliance with the standards of conduct described in N.H. Rev. Stat. § 383-A:5-505(b).