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Can you summarize NHRS Chapter 383-B?
BANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS (Chapters 383 - 397-B) > DEPOSITORY BANK ACT
Short Summary
The provided legal document content pertains to the Depository Bank Act under the New Hampshire Revised Statutes. It defines various terms and concepts related to depository banks. The document states that the terms defined in RSA 383-A have the same meaning for the purposes of this chapter. It also provides additional definitions for terms such as ‘acquisition’, ‘branch office’, ‘capital and surplus’, ‘closely related activity’, ‘control’, ‘foreign bank’, ‘foreign bank holding company’, ‘foreign mutual holding company’, ‘proprietary interest’, and ‘subsidiary bank’. The document mentions that closely related activities include a wide range of services and activities related to banking, subject to limitations under federal or state laws. It also defines ‘foreign bank’ and ‘foreign bank holding company’. The document does not specify any penalties for non-compliance or violations. Overall, this document provides important definitions and clarifications related to depository banks and their operations.
Whom does it apply to?
Depository banks, national banks, federal savings banks, foreign banks, and bank holding companies.
What does it govern?
The Depository Bank Act governs the operations and activities of depository banks, including national banks, federal savings banks, and foreign banks. It also applies to bank holding companies.
What are exemptions?
No specific exemptions are mentioned in the document.
What are the Penalties?
No penalties for non-compliance or violations are mentioned in the document.
Jurisdiction
New Hampshire