SB 333 - AS INTRODUCED
2024 SESSION
24-2839
08/05
SENATE BILL 333
SPONSORS: Sen. Carson, Dist 14; Sen. Gannon, Dist 23; Sen. Whitley, Dist 15; Rep. Hunt, Ches. 14
COMMITTEE: Commerce
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ANALYSIS
This bill makes provisions for minors in legal custody or guardianship arrangements to open a bank account under certain conditions.
This bill also requires that the board of directors of mutual banks and mutual holding companies live in New Hampshire or in a state that borders New Hampshire.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
24-2839
08/05
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Twenty Four
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 New Section; Residential Care and Child-Placing Agencies; Consent for Certain Minors to Open Banking Accounts. Amend RSA 170-E by inserting after section 51 the following new section:
170-E:51-a Consent for Certain Minors to Open Banking Accounts.
A minor who is 16 years of age or older and who is in the legal custody of the department of health and human services pursuant to an order from a court of competent jurisdiction shall be deemed qualified and competent to contract for the opening of a checking or savings account with a bank or credit union upon the written consent of the department or pursuant to an order rendered by a court of competent jurisdiction. Such consent may be conditional to a maximum dollar amount for protection of public benefits available to the minor or other such protective action as required. The minor shall be responsible for paying all banking-related costs associated with the checking or savings account and shall be liable for any and all penalties should he or she violate a banking agreement. The department, foster parent, court appointed guardian or entity providing case management of children on behalf of a department shall not be responsible for paying any bank fees nor liable for any and all penalties related to violation of a banking agreement made under this section. The commissioner may adopt rules, under RSA 541-A, as necessary to implement the purposes of this section.
2 Management; Depository Bank. Amend RSA 383-B:3-302(a) to read as follows:
(a) A depository bank shall have a board of not less than 5 directors, of which a majority shall be residents of New Hampshire or a state that borders New Hampshire.
I. Section 1 of this act shall take effect 60 days after its passage.
II. The remainder of this act shall take effect upon its passage.
| Date | Body | Type |
|---|---|---|
| Jan. 9, 2024 | Senate | Hearing |
| Jan. 18, 2024 | Senate | Floor Vote |
| April 24, 2024 | House | Hearing |
April 9, 2024: Public Hearing: 04/24/2024 11:00 am LOB 302-304
Feb. 29, 2024: Introduced (in recess of) 02/22/2024 and referred to Commerce and Consumer Affairs HJ 6
Jan. 18, 2024: Ought to Pass: MA, VV; OT3rdg; 01/18/2024; SJ 2
Jan. 11, 2024: Committee Report: Ought to Pass, 01/18/2024; Vote 5-0; CC; SC 3
Dec. 19, 2023: Hearing: 01/09/2024, Room 100, SH, 09:20 am; SC 49
Dec. 11, 2023: To Be Introduced 01/03/2024 and Referred to Commerce; SJ 1