Section 386:43 Savings Department of Trust Company. - New Hampshire Statutes

Under RSA 386:40-42 a trust company may take all actions with respect to its savings department and with like effect as though such savings department were a separately incorporated guaranty savings bank and the net assets of such savings department in excess of the amount due to depositors therein were special deposits of a guaranty savings bank owned by such trust company, and such savings department shall become a separate corporation and shall be and operate as a mutual savings bank as provided by RSA 386:42 under such name as shall have been provided in the vote passed under RSA 386:40.

Source. 1939, 170:7. RL 309:43.