New Hampshire Revised Statutes 383-E:5-513 – Lien and Right of Set-Off
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Terms Used In New Hampshire Revised Statutes 383-E:5-513
- Lien: A claim against real or personal property in satisfaction of a debt.
- Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC
The credit union shall have a lien on the shares, share certificates, deposits, deposit certificates, and accumulated dividends or interest of a member in his individual, joint or trust account, for any sum past due the credit union from said member or for any loan endorsed by him or her. The credit union shall also have a right of immediate set-off with respect to every account.