New Hampshire § 383-A-4-402 - Section 383-A:4-402 Capital Maintenance.
Full text of New Hampshire New Hampshire Revised Statutes Annotated § 383-A-4-402 — Section 383-A:4-402 Capital Maintenance., with citation guidance and answers to common questions.
§ 383-A-4-402. Section 383-A:4-402 Capital Maintenance.
After it is organized, a state bank shall maintain a minimum level of capital required by the commissioner to operate in a safe and sound manner based upon his or her examination of the bank. The commissioner may require any state bank to increase its capital from time to time as may be necessary for its safe and sound operation. A board of directors may increase the capital of the state bank at any time and shall give notice to the commissioner of any increase within 30 days of receiving the additional capital. The board of directors of a state bank may not reduce its capital, unless it files an application for approval of the proposed change to the commissioner as provided in RSA 383-A:6-602 and it is permitted to do so by the commissioner.
Source: official New Hampshire text · Last verified 2026-08-27
Frequently Asked Questions About New Hampshire § 383-A-4-402
What does New Hampshire Revised Statutes Annotated § 383-A-4-402 cover?
Section 383-A-4-402 ("Section 383-A:4-402 Capital Maintenance.") is part of the New Hampshire Revised Statutes Annotated, the codified statutory law of New Hampshire. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Hampshire § 383-A-4-402?
A common citation format is "New Hampshire Revised Statutes Annotated § 383-A-4-402" (New Hampshire). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Hampshire law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Hampshire official source linked on this page or consult a licensed New Hampshire attorney.
How does New Hampshire § 383-A-4-402 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Hampshire can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Hampshire.