New Hampshire Revised Statutes 384-F:7 – Citizenship and Residency Requirements for Directors of State Banks
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Terms Used In New Hampshire Revised Statutes 384-F:7
- bank: as used in this chapter shall not in any event include a foreign bank or a branch or agency of a foreign bank. See New Hampshire Revised Statutes 384-F:2
- Commissioner: means the New Hampshire bank commissioner. See New Hampshire Revised Statutes 384-F:2
- Foreign bank: means any company organized under the laws of a foreign country, a territory of the United States, Puerto Rico, Guam, American Samoa, or the Virgin Islands, that engages directly in the business of banking. See New Hampshire Revised Statutes 384-F:2
- New Hampshire bank: means a New Hampshire state bank or a New Hampshire national bank. See New Hampshire Revised Statutes 384-F:2
- State: has the same meaning as is set forth in section 3(a)(3) of the Federal Deposit Insurance Act (12 U. See New Hampshire Revised Statutes 384-F:2
- United States: when used in a geographical sense, means the several states, the District of Columbia, Puerto Rico, Guam, American Samoa, the American Virgin Islands, the Trust Territory of the Pacific Islands, and any other territory of the United States; and, when used in a political sense, means the federal government of the United States. See New Hampshire Revised Statutes 384-F:2
Notwithstanding any other provision of the laws and rules of this state, the citizenship and residency requirements otherwise applicable to members of the board of directors of any New Hampshire bank may, in the case of a New Hampshire bank which is a subsidiary or affiliate of a foreign bank, be waived by the commissioner in his or her discretion upon application by the controlling shareholder of the New Hampshire bank; provided that at least a majority of the directors shall be citizens of the United States and at least a majority of the directors shall be residents of this state.