New Hampshire Revised Statutes 35-A:7 – Prohibited Acts
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Nothing contained in this chapter shall be construed to authorize or to empower the bank:
I. To make loans of money to any person, firm or corporation other than a governmental unit, or to purchase securities issued by any person, firm or corporation other than a governmental unit or for investment except as provided in this chapter, or
II. To emit bills of credit, or to accept deposits of money for time or demand deposit, or to administer trusts, or to engage in any form or manner in, or in the conduct of, any private or commercial banking business, or to act as a savings bank or savings and loan association, or
III. To be or to constitute any bank or trust company within the jurisdiction or under the control of the bank commissioner or the Comptroller of the Currency of the United States of America or the department of the treasury thereof, or
IV. To be or to constitute any bank, banker or dealer in securities within the meaning of or subject to the provisions of any securities, securities exchange, or securities dealers law, of the United States of America or of this state or of any other state.
I. To make loans of money to any person, firm or corporation other than a governmental unit, or to purchase securities issued by any person, firm or corporation other than a governmental unit or for investment except as provided in this chapter, or
Terms Used In New Hampshire Revised Statutes 35-A:7
- Bank: means the New Hampshire municipal bond bank created and established by N. See New Hampshire Revised Statutes 35-A:3
- Chapter: means this New Hampshire municipal bond bank law. See New Hampshire Revised Statutes 35-A:3
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Governmental unit: means any county, city, town, school district, village district or other body corporate and politic having the power either to levy taxes, or to provide for rates, charges, or assessments, whether established by general law or by special statute. See New Hampshire Revised Statutes 35-A:3
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- person: may extend and be applied to bodies corporate and politic as well as to individuals. See New Hampshire Revised Statutes 21:9
- 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
- United States: shall include said district and territories. See New Hampshire Revised Statutes 21:4
II. To emit bills of credit, or to accept deposits of money for time or demand deposit, or to administer trusts, or to engage in any form or manner in, or in the conduct of, any private or commercial banking business, or to act as a savings bank or savings and loan association, or
III. To be or to constitute any bank or trust company within the jurisdiction or under the control of the bank commissioner or the Comptroller of the Currency of the United States of America or the department of the treasury thereof, or
IV. To be or to constitute any bank, banker or dealer in securities within the meaning of or subject to the provisions of any securities, securities exchange, or securities dealers law, of the United States of America or of this state or of any other state.