Section 386-B:6 Retention of Capital Assets at Holding Company Level.
With the approval of the bank commissioner, the plan of reorganization of a mutual savings bank may provide for the retention of capital assets at the mutual holding company level, provided such retention will not cause the subsidiary guaranty savings bank to fail to meet any applicable net worth or capital adequacy requirement prescribed by federal laws or regulations or state laws or rules.
Source. 1985, 267:1, eff. Aug. 7, 1985.