Section 395:10-b Emergency Waiver. - New Hampshire Statutes

The bank commissioner, upon the appointment of a federal agency as receiving or liquidating agent pursuant to RSA 395:10-a, shall have authority to issue an order waiving or suspending all laws, rules, practices and policies with respect to the authorization to commence or continue banking operations in the state of New Hampshire as he deems necessary and prudent. Such order shall take effect upon the appointment of the federal agency and shall continue in force until all actions necessary to liquidate the insolvent or closed New Hampshire depository institution are completed. Any waiver or suspension of any law, rule, practice or policy shall be limited to matters pertaining to the legally insolvent or closed New Hampshire depository institution for whom a liquidating or receiving agent has been appointed.

Source. 1991, 251:2, eff. June 10, 1991.