New Hampshire § 383-E-13-1309 - Section 383-E:13-1309 Right of Set-Off; Security Interest.
Full text of New Hampshire New Hampshire Revised Statutes Annotated § 383-E-13-1309 — Section 383-E:13-1309 Right of Set-Off; Security Interest., with citation guidance and answers to common questions.
§ 383-E-13-1309. Section 383-E:13-1309 Right of Set-Off; Security Interest.
The corporate credit union shall have a right of immediate set-off against the balances of the share and deposit accounts of each member for any amounts due from the member to the corporate credit union. (a) The corporate credit union shall have a lien on all share and deposit accounts of each member in the amount of the total indebtedness of the member to the corporate credit union. The lien created by this subsection shall attach to the accounts and be effective whenever the member is indebted to the corporate credit union. The lien shall have priority over any interests of all members and unsecured creditors of the member credit unions of the corporate credit union. (b) The board of directors or credit committee may require and accept additional security for loans to a member in the form of a pledge, assignment, hypothecation or mortgage of any assets of the member or a guarantor.
Source: official New Hampshire text · Last verified 2026-08-27
Frequently Asked Questions About New Hampshire § 383-E-13-1309
What does New Hampshire Revised Statutes Annotated § 383-E-13-1309 cover?
Section 383-E-13-1309 ("Section 383-E:13-1309 Right of Set-Off; Security Interest.") 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-E-13-1309?
A common citation format is "New Hampshire Revised Statutes Annotated § 383-E-13-1309" (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-E-13-1309 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.