New Hampshire § 383-E-5-510 - Section 383-E:5-510 Loans to Officials.
Full text of New Hampshire New Hampshire Revised Statutes Annotated § 383-E-5-510 — Section 383-E:5-510 Loans to Officials., with citation guidance and answers to common questions.
§ 383-E-5-510. Section 383-E:5-510 Loans to Officials.
Members of the board of directors, credit committee, or supervisory committee may borrow from the credit union. Members of the board of directors, credit committee, and supervisory committee may borrow or become surety for loans in excess of their holdings in the credit union provided the loans are approved by a majority of the members of the board of directors; provided, that no member of a credit committee or supervisory committee shall have a vote concerning his or her own loan application, or be entitled to participate in the deliberations regarding said loan. No loan to the official shall receive terms more favorable than those extended to other persons borrowing from said credit union.
Source: official New Hampshire text · Last verified 2026-08-27
Frequently Asked Questions About New Hampshire § 383-E-5-510
What does New Hampshire Revised Statutes Annotated § 383-E-5-510 cover?
Section 383-E-5-510 ("Section 383-E:5-510 Loans to Officials.") 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-5-510?
A common citation format is "New Hampshire Revised Statutes Annotated § 383-E-5-510" (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-5-510 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.