Section 384:16 Borrowing. - New Hampshire Statutes

No savings bank, state bank, or trust company shall hire money or give the note of such institution except by vote of the trustees or directors thereof, duly recorded; and all such notes shall be signed by at least 2 officers designated in said vote. For the purpose of securing such loan or loans, said bank or company may pledge as security therefor real estate mortgages, notes, stocks, or other securities.

Source. 1895, 105:11. PL 260:15. 1933, 27:1. RL 308:16. RSA 384:16. 1967, 109:1. 1983, 369:1. 1985, 349:1, eff. Aug. 13, 1985.