Section 384:12-b Temporary Cease and Desist Order. - New Hampshire Statutes

Whenever, in the opinion of the commissioner, the violation or practice set forth in RSA 384:12-a, I requires immediate action for the protection of depositors, or where such violation or practice, or the continuation thereof, is likely to cause insolvency or substantial dissipation of the assets, capital or earnings of the institution, the commissioner may issue orders pursuant to RSA 384:12-a, I which shall become effective upon service thereof, without prior notice or hearing.

Source. 1985, 221:1, eff. Jan. 1, 1986.