New Hampshire § 383-E-4-406 - Section 383-E:4-406 Bank Stock.
Full text of New Hampshire New Hampshire Revised Statutes Annotated § 383-E-4-406 — Section 383-E:4-406 Bank Stock., with citation guidance and answers to common questions.
§ 383-E-4-406. Section 383-E:4-406 Bank Stock.
The following described securities are legal investments: (a) The securities of any bank or bank holding company incorporated in the United States, provided that: (1) Such bank or bank holding company shall have a total capital and surplus of at least $50,000,000. (2) The capital and surplus shall represent not less than 4 percent of the total assets in at least 4 of the 5 years immediately preceding investment. (3) Net earnings shall have averaged not less than 4/10 of one percent of average total assets over the same 5 years immediately preceding investment. (4) The total loans to total deposits shall not be greater than 80 percent. (b) The securities of any bank or trust company, or the special deposits of any investor-owned savings bank incorporated under the laws of this state and doing business herein, and the capital notes and the capital stock of any federally chartered bank in this state; but the amount of such notes or stock or special deposits held by any credit union as an investment and as collateral for loans shall not exceed 1/4 of the total capital notes and capital stock of the bank, except if held on or before June 1, 1979. (c) The securities of any New Hampshire bank holding company which is registered with the board of governors of the Federal Reserve System under 12 U.S.C. section 1844, but the amount of capital stock held by any credit union in legal form or represented by voting trust certificates as an investment and as collateral for loans shall not exceed 1/4 of the total capital stock of such New Hampshire bank holding company.
Source: official New Hampshire text · Last verified 2026-08-27
Frequently Asked Questions About New Hampshire § 383-E-4-406
What does New Hampshire Revised Statutes Annotated § 383-E-4-406 cover?
Section 383-E-4-406 ("Section 383-E:4-406 Bank Stock.") 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-4-406?
A common citation format is "New Hampshire Revised Statutes Annotated § 383-E-4-406" (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-4-406 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.