CHAPTER 49

SB 370 - FINAL VERSION

2/20/02 2738s

2002 SESSION

02-3116

06/09

SENATE BILL 370

AN ACT removing an exemption to a limitation on service by a trustee, director, or officer at more than one financial institution.

SPONSORS: Sen. Hollingworth, Dist 23

COMMITTEE: Banks

AMENDED ANALYSIS

This bill removes an exemption from limitation on service for persons serving as a trustee, director, or officer at more than one financial institution.

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

2/20/02 2738s

02-3116

06/09

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Two

AN ACT removing an exemption to a limitation on service by a trustee, director, or officer at more than one financial institution.

Be it Enacted by the Senate and House of Representatives in General Court convened:

49:1 Repeal. RSA 384:5-a, II (a), relative to an exemption for persons serving as trustee, director, or senior executive at more than one financial institution as of July 1, 1971, is repealed.

49:2 Effective Date. This act shall take effect 60 days after its passage.

(Approved: April 26, 2002)

(Effective Date: June 25, 2002)