New Hampshire Revised Statutes 374-E:7 – Prohibited Acts
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Nothing contained in this chapter shall be construed to authorize or to empower the division:
I. To make loans of money to any person, firm, or corporation other than a municipality, or to purchase securities issued by any person, firm, or corporation other than a municipality, or for investment, except as provided in this chapter;
II. To emit bills of credit, to accept deposits of money for time or demand deposit, to administer trusts, 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;
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 or the Department of the Treasury of the United States of America; 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 law, securities exchange, or securities dealers law of the United States of America, this state, or any other state.
I. To make loans of money to any person, firm, or corporation other than a municipality, or to purchase securities issued by any person, firm, or corporation other than a municipality, or for investment, except as provided in this chapter;
Terms Used In New Hampshire Revised Statutes 374-E:7
- 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.
- Division: means the New Hampshire municipal bond bank-small scale power facility division created and established under N. See New Hampshire Revised Statutes 374-E: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.
- Municipality: means any county, city, town, or village district within the state or other body corporate and politic having the power to issue its bonds or notes on behalf of any of the foregoing. See New Hampshire Revised Statutes 374-E:3
- person: may extend and be applied to bodies corporate and politic as well as to individuals. See New Hampshire Revised Statutes 21:9
- State: means the state of New Hampshire. See New Hampshire Revised Statutes 374-E:3
- This chapter: means this New Hampshire municipal bond bank small scale power facility act. See New Hampshire Revised Statutes 374-E:3
- United States: shall include said district and territories. See New Hampshire Revised Statutes 21:4
II. To emit bills of credit, to accept deposits of money for time or demand deposit, to administer trusts, 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;
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 or the Department of the Treasury of the United States of America; 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 law, securities exchange, or securities dealers law of the United States of America, this state, or any other state.