New Hampshire Revised Statutes 383-A:3-313 – Charter Rights; Liability
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(a) Following the approval of the application by the commissioner and the filing of the organizational instrument with the secretary of state, the organizer of a state bank shall hold the rights to the charter.
(b) The organizer and all persons purporting to act as or on behalf of a state bank shall be personally, jointly, and severally liable for any liability created on behalf of the state bank before the filing of the state bank’s organizational instrument with the secretary of state.
(c) The organizer and all other persons purporting to act as or on behalf of a state bank before the commissioner issues a certificate to the state bank authorizing it to begin the transaction of business under N.H. Rev. Stat. § 383-A:3-315 shall be personally, jointly, and severally liable for all liabilities in connection with engaging in any unauthorized banking business.
(b) The organizer and all persons purporting to act as or on behalf of a state bank shall be personally, jointly, and severally liable for any liability created on behalf of the state bank before the filing of the state bank’s organizational instrument with the secretary of state.
Terms Used In New Hampshire Revised Statutes 383-A:3-313
- following: when used by way of reference to any section of these laws, shall mean the section next preceding or following that in which such reference is made, unless some other is expressly designated. See New Hampshire Revised Statutes 21:13
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- 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) The organizer and all other persons purporting to act as or on behalf of a state bank before the commissioner issues a certificate to the state bank authorizing it to begin the transaction of business under N.H. Rev. Stat. § 383-A:3-315 shall be personally, jointly, and severally liable for all liabilities in connection with engaging in any unauthorized banking business.