This bill amends existing laws to allow credit union members to compensate members of the board of directors for their services, as indicated by the new legal language in RSA 383-E:6-607(a), which states that credit unions may pay board members a sum fixed by members at an annual meeting. It also repeals the previous provision that prohibited officers, directors, or employees from receiving compensation beyond their designated roles. In addition to these changes, the bill establishes a legal framework to support blockchain technology and its users, aiming to enhance New Hampshire's attractiveness as a jurisdiction for blockchain innovation.
The legislation introduces a new chapter titled "Blockchain Basic Laws," which defines key terms related to blockchain and digital assets, such as "blockchain," "digital asset," and "smart contract." It protects the use of digital assets for purchasing goods and services, prohibits government restrictions on self-custody of digital assets, and ensures that no discriminatory electricity rates are imposed on digital asset mining businesses. The bill also creates a dedicated Blockchain Dispute Docket within the superior court to handle disputes related to blockchain technology, with the governor appointing a presiding justice who possesses relevant expertise. The provisions of the bill will take effect on January 1, 2026, for the blockchain dispute docket, while the other provisions will become effective 60 days after passage.