New Hampshire Revised Statutes 383-E:4-417 – Transactions Involving Assets and Liabilities
Current as of: 2023 | Check for updates
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Terms Used In New Hampshire Revised Statutes 383-E:4-417
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- state: when applied to different parts of the United States, may extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall include said district and territories. See New Hampshire Revised Statutes 21:4
A credit union may purchase assets from and assume liabilities of, or sell assets and transfer liabilities to, a bank, state credit union, federal credit union, or foreign credit union if it files an application with the commissioner under N.H. Rev. Stat. § 383-A:6-602, subject to other federal or state regulatory approvals.