RSA 383-A:9-902 Removal of Director or Officer by Commissioner.

(a) If, in the opinion of the commissioner, any director or officer of a state bank or credit union has continued to violate any law relative to the state bank or credit union or has continued unsafe or unsound practices in conducting the business of the state bank or credit union after having been warned by the commissioner to discontinue the violations of law or the unsafe or unsound practices, then the commissioner may cause notice to be served upon the director or officer to show cause why the director or officer should not be removed from office.
(b) A copy of the show cause notice shall be sent by certified mail to the director or officer subject to removal and to each other director and officer of the state bank or credit union affected.
(c) If, after granting the