# N.H. Rev. Stat. § 383-A:3-303: 383-A:3-303 Type of Entity; Conversion

> New Hampshire · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NH_TXXXV_C383-A_S3-303

## Section

- **Citation:** N.H. Rev. Stat. § 383-A:3-303
- **Heading:** 383-A:3-303 Type of Entity; Conversion
- **Jurisdiction:** New Hampshire
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** NH Code / Title XXXV / Chapter 383-A / Section 3-303

## Text

(a) A state bank may be organized as a corporation under the Corporation Act or as a limited liability company under the LLC Act. A depository bank organized as a corporation may elect benefit corporation status in accordance with the New Hampshire Benefit Corporation Act. (b) A state bank organized as a corporation may convert to a limited liability company in accordance with the Organizations Acts. A state bank organized as a limited liability company may convert to a corporation in accordance with the Organizations Acts.

## Nearby sections

- [N.H. Rev. Stat. § 383-A:1-101 383-A:1-101 Short Title.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXXXV_C383-A_S1-101.md)
- [N.H. Rev. Stat. § 383-A:1-102 383-A:1-102 Scope.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXXXV_C383-A_S1-102.md)
- [N.H. Rev. Stat. § 383-A:1-103 383-A:1-103 Reservation of Power to Amend or Repeal.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXXXV_C383-A_S1-103.md)
- [N.H. Rev. Stat. § 383-A:1-104 383-A:1-104 Commissioner.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXXXV_C383-A_S1-104.md)
- [N.H. Rev. Stat. § 383-A:2-201 383-A:2-201 Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXXXV_C383-A_S2-201.md)
- [N.H. Rev. Stat. § 383-A:3-301 383-A:3-301 Organization of Banks.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXXXV_C383-A_S3-301.md)
- [N.H. Rev. Stat. § 383-A:3-302 383-A:3-302 Organizer.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXXXV_C383-A_S3-302.md)
- [N.H. Rev. Stat. § 383-A:3-303 383-A:3-303 Type of Entity; Conversion.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXXXV_C383-A_S3-303.md)
- [N.H. Rev. Stat. § 383-A:3-304 383-A:3-304 Organizational Instrument; Name.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXXXV_C383-A_S3-304.md)
- [N.H. Rev. Stat. § 383-A:3-305 383-A:3-305 Application.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXXXV_C383-A_S3-305.md)
- [N.H. Rev. Stat. § 383-A:3-306 383-A:3-306 Investigative Powers.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXXXV_C383-A_S3-306.md)
- [N.H. Rev. Stat. § 383-A:3-307 383-A:3-307 Hearing.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXXXV_C383-A_S3-307.md)
- [N.H. Rev. Stat. § 383-A:3-308 383-A:3-308 Action on Application.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXXXV_C383-A_S3-308.md)
- [N.H. Rev. Stat. § 383-A:3-309 383-A:3-309 Record of Organizational Instrument.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXXXV_C383-A_S3-309.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_NH_TXXXV_C383-A_S3-303. Check the current official text before relying on it. Not legal advice.