Section 388:5 Decree. - New Hampshire Statutes

If the court shall find that the public convenience and advantage and the interests of said several parties will be promoted by the action sought by said petitioners, the court shall fix a date before which funds of depositors in the banks to be consolidated may be withdrawn on demand, order notice of such date and a summary of the plan of consolidation to be published at least once each week for 3 successive weeks in some newspaper published in the county or counties in which the several banks are located, the first publication being at least 30 days before such date, and shall authorize the trustees or directors of the several banks to transfer, merge or consolidate their respective assets subject to their respective liabilities.

Source. 1917, 54:6. PL 263:7. 1933, 27:4. RL 311:7. 1947, 123:3. RSA 388:5. 1975, 446:3, eff. Aug. 19, 1975.