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Can you summarize NHRS 383:9-g?
BANK COMMISSIONER > Bank Holding Companies.
Short Summary
This legal document, part of the New Hampshire Revised Statutes, falls under the jurisdiction of the Bank Commissioner. It grants the Bank Commissioner general supervision over bank holding companies, which include corporations, partnerships, limited partnerships, limited liability companies, limited liability corporations, business trusts, or any other form of business entity organized under the laws of any jurisdiction. A bank holding company is defined as an entity that beneficially owns, controls, or holds the power to vote 25 percent or more of the voting stock of any federally chartered or state-chartered bank or possesses the power to control or controls the election of a majority of the directors of any such banking organization. The Bank Commissioner has the authority to require bank holding companies to furnish reports for proper supervision, which may include reports prepared for federal authorities. If the provided information and reports are deemed inadequate, the Bank Commissioner may conduct examinations of the bank holding company and its subsidiaries doing business in New Hampshire. The charges incurred by such examinations are to be paid by the examined bank holding company. The document does not specify any exemptions or penalties other than the responsibility for payment of examination charges.
Whom does it apply to?
Corporations, partnerships, limited partnerships, limited liability companies, limited liability corporations, business trusts, or any other form of business entity organized under the laws of any jurisdiction
What does it govern?
Bank holding companies
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
The bank holding company examined is responsible for paying the charges incurred by the examination.
Jurisdiction
New Hampshire