149:1 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.

149:2 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 .

149:3 Effective Date.

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.

Approved: July 03, 2024

Effective Date:

I. Section 1 effective September 1, 2024

II. Remainder effective July 3, 2024

149:1 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.

149:2 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 .

149:3 Effective Date.

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.

Approved: July 03, 2024

Effective Date:

I. Section 1 effective September 1, 2024

II. Remainder effective July 3, 2024