New Hampshire § 383-E-5-508 - Section 383-E:5-508 Borrowing.
Full text of New Hampshire New Hampshire Revised Statutes Annotated § 383-E-5-508 — Section 383-E:5-508 Borrowing., with citation guidance and answers to common questions.
§ 383-E-5-508. Section 383-E:5-508 Borrowing.
The board of directors at any regular or special meeting may, by majority vote, authorize borrowing of specified amounts of money. At no time may the total borrowing exceed 30 percent of its total paid-in shares and deposits, guaranty fund, and undivided earnings without approval of the commissioner.
Frequently Asked Questions About New Hampshire § 383-E-5-508
What does New Hampshire Revised Statutes Annotated § 383-E-5-508 cover?
Section 383-E-5-508 ("Section 383-E:5-508 Borrowing.") 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-5-508?
A common citation format is "New Hampshire Revised Statutes Annotated § 383-E-5-508" (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-5-508 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.