New Hampshire § 383-A-4-404 - Section 383-A:4-404 Redemption of Shares.
Full text of New Hampshire New Hampshire Revised Statutes Annotated § 383-A-4-404 — Section 383-A:4-404 Redemption of Shares., with citation guidance and answers to common questions.
§ 383-A-4-404. Section 383-A:4-404 Redemption of Shares.
A state bank may redeem shares of its capital stock if (i) the redemption is conducted in accordance with the provisions of its organizational documents, (ii) the remaining capital exceeds the minimum capital required by this chapter, and (iii) the board of directors determines that the redemption will not jeopardize the safe and the sound operation of the state bank based on a diligent review of all applicable facts and circumstances then known to them. The board of directors shall not make a proposed redemption unless it gives notice of the proposed redemption to the commissioner as provided in RSA 383-A:6-602.
Source: official New Hampshire text · Last verified 2026-08-27
Frequently Asked Questions About New Hampshire § 383-A-4-404
What does New Hampshire Revised Statutes Annotated § 383-A-4-404 cover?
Section 383-A-4-404 ("Section 383-A:4-404 Redemption of Shares.") 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-4-404?
A common citation format is "New Hampshire Revised Statutes Annotated § 383-A-4-404" (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-4-404 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.