This provision, found in the New Hampshire Revised Statutes under the Uniform Commercial Code, addresses the continuation of effectiveness of financing statements. It states that the filing of an initial financing statement in the specified office will continue the effectiveness of a financing statement filed before the act takes effect. This applies if the initial financing statement would be effective to perfect a security interest under Article 9 as amended by this act, the pre-effective-date financing statement was filed in another state, and the initial financing statement satisfies the requirements outlined in subsection (c).

This legal document pertains to the amendment of pre-effective-date financing statements. A pre-effective-date financing statement refers to a financing statement filed before this act takes effect. After this act takes effect, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or otherwise amend the information provided in a pre-effective-date financing statement only in accordance with the law of the jurisdiction governing perfection as provided in Article 9 as amended by this act.

A person may file an initial financing statement or a continuation statement under this part if: (1) the secured party of record authorizes the filing; and (2) the filing is necessary under this part: (A) to continue the effectiveness of a financing statement filed before this act takes effect; or (B) to perfect or continue the perfection of a security interest. Source. 2012, 236:21, eff. July 1, 2013.

This act determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before this act takes effect, Article 9 as it existed before amendment determines priority. Source. 2012, 236:21, eff. July 1, 2013.

This legal document governs the reporting requirements for state banks and credit unions in New Hampshire. It mandates that each state bank or credit union must balance its books at the close of business on the last business day in December and file an annual report within 30 calendar days thereafter. The annual report must include information such as the institution’s contact information, names of directors, executive officers, subsidiaries, service entities, affiliated holding companies, fidelity bond or errors and omissions liability policy details, liquidation pledge information, surety bond details, and other funds maintained for the benefit of the commissioner.

This article sets forth the rights and duties of persons with respect to certain deposit accounts. Source. 2015, 272:16. 2016, 230:11, eff. Aug. 8, 2016.

This legal document, part of the New Hampshire Revised Statutes under the DEPOSITORY BANK ACT, governs the rights of depositors at mutual banks or mutual holding companies. Depositors at a mutual bank have an undivided inchoate interest in the net worth of the bank, proportionate to the amount of their funds in the account divided by the aggregate amount of all funds on deposit. This interest terminates upon withdrawal of funds or upon declaration of dividends or commencement of liquidation proceedings.

This legal document, part of the New Hampshire Revised Statutes under the DEPOSITORY BANK ACT, governs the declaration and distribution of dividends to depositors of mutual banks and mutual holding companies. The board of directors of a mutual bank or mutual holding company, through its subsidiary bank or banks, has the authority to declare a dividend and distribute the capital, surplus, and retained earnings to depositors in proportion to their average funds on deposit during a 30-day period.

A mutual bank that has obtained approval from the commissioner to complete the reorganization shall give its depositors written notice of the reorganization at least 30 days prior to the effective date of the reorganization. The notice shall include a brief description of the plan of reorganization. Any depositor of the mutual bank who fails to withdraw the amount deposited to his or her credit at the bank prior to the effective date of the reorganization shall be deemed to have assented to the reorganization.

This provision, found in the New Hampshire Revised Statutes under the DEPOSITORY BANK ACT, allows the commissioner to permit newly created, wholly-owned subsidiary banks of mutual holding companies to represent themselves as a continuation of the operations of the mutual bank that organized them. This representation must comply with the relevant statutes and be consistent with the new subsidiary bank’s operations under the reorganization plan. Depositors of the mutual bank prior to the reorganization are entitled to have their deposits transferred to the subsidiary bank with the same amounts, interest rates, and terms, without interruption of interest.