Section 388:10 Contract for Union. - New Hampshire Statutes

Upon receipt of such certificate the petitioners, by vote of the owners of 2/3 of the capital stock, if any, of the respective institutions, otherwise 2/3 of the members of the respective corporations, may contract for union in accordance therewith, specifying an effective date of union; and when the commissioner shall have certified on such contract his approval thereof and shall have given notice to depositors as required in RSA 388:11, the trustees or directors of the contracting institutions shall, upon the effective date of union, have authority to transfer, merge or consolidate their respective assets subject to their respective liabilities. One copy of the contract for union signed by the parties thereto shall be filed with the commissioner.

Source. 1933, 27:8. RL 311:14. 1947, 123:8, eff. April 30, 1947.