Legal Opinion
Appeal of Concerned Corporators of the Portsmouth Savings Bank
Supreme Court of New Hampshire
Decided March 30, 1987No. 86-199PublishedCited by 33 opinions
1Per curiam
This appeal is brought by twelve corporators of the Portsmouth Savings Bank (Portsmouth or Bank) pursuant to RSA chapter 541. They seek an order vacating a decision of the board of trust company incorporation (board or BTCI) granting Portsmouth’s application for conversion from a mutual savings bank to a guaranty (stock) form of organization and for its simultaneous acquisition by Amoskeag Bank Shares, Inc. (Amoskeag), a bank holding company. We hold that, as a matter of law, the Bank trustees’ plan of conversion-acquisition is unfair to the depositors of the Bank. Accordingly, we vacate the…
2Cases cited36 opinions
- Meinhard v. SalmonNew York Court of Appeals · 1928
- Trustees of Dartmouth College v. WoodwardSupreme Court of the United States · 1819
- Wendt v. FischerNew York Court of Appeals · 1926
- Franklin Nat. Bank of Franklin Square v. New YorkSupreme Court of the United States · 1954
- State v. VarsSupreme Court of Connecticut · 1966
31 more not listed; retrieve them via the Exa API.
3Cited by33 opinions
- Johnson Controls, Inc. v. Employers Insurance of WausauWisconsin Supreme Court · 2003
- State v. City of Oak CreekWisconsin Supreme Court · 2000
- Woodstock Soapstone Co. v. CarletonSupreme Court of New Hampshire · 1991
- Ahrendt v. Granite BankSupreme Court of New Hampshire · 1999
- Wehringer's CaseSupreme Court of New Hampshire · 1988
28 more not listed; retrieve them via the Exa API.