Section 383-C:13-1301 – Reports and Other Filings.
383-C:13-1301 Reports and Other Filings. – (a) A trust company shall file with the commissioner reports of condition as required under RSA 383-A:5-510 and copies of other documents as required under RSA 383-A:5-511. (b) A trust company shall, at the same time it files the annual report of condition pursuant to RSA 383-A:5-510, report […]
Section 383-C:14-1401 – Regular Examination.
383-C:14-1401 Regular Examination. – I. Subject to RSA 383-C:14-1402, the commissioner shall examine the condition and management of a trust company every 18 months, or more often when necessary in his or her judgment. II. For trust companies that qualify under paragraph III, the commissioner may alternate every 18 months between conducting an examination […]
Section 383-C:14-1402 – Exemption from Regular Examination.
383-C:14-1402 Exemption from Regular Examination. – (a) A trust company may apply for an exemption from one regular examination under RSA 383-C:14-1401 by filing with the commissioner an application for exemption. (b) In accordance with RSA 383-A:6-604, the commissioner shall make a determination as to whether the trust company qualifies for a conditional exemption […]
Section 383-C:11-1104 – Filings With the Secretary of State.
383-C:11-1104 Filings With the Secretary of State. – (a) A foreign trust company shall file with the commissioner (i) a true and complete copy of each document that the foreign trust company submits for filing with this state’s secretary of state, and (ii) a copy of any notice or other document that the foreign […]
Section 383-C:11-1105 – Domestication.
383-C:11-1105 Domestication. – (a) With the commissioner’s prior approval, a foreign trust company organized as a corporation or a limited liability company may become a trust company through domestication in accordance with the applicable Organization Act and this section. (b) A foreign trust company that proposes to domesticate shall file with the commissioner an […]
Section 383-C:12-1201 – Definitions.
383-C:12-1201 Definitions. – For purposes of this article, the following definitions shall apply: (a) " Limited-scope discretionary power " means discretionary power with respect to a trust if: (i) the terms of the trust confer simultaneous, discretionary authority on two or more persons; (ii) the power represents only a portion of the full range […]
Section 383-C:12-1202 – Qualified Trust Advisor Powers.
383-C:12-1202 Qualified Trust Advisor Powers. – (a) A qualified trust advisor that acts as a trust advisor or trust protector in this state, either by acting in such capacity from an office in this state or by acting in such capacity for a trust administered in this state, is not a bank and shall […]
Section 383-C:10-1005 – Commissioner Determination.
383-C:10-1005 Commissioner Determination. – After receipt of an application for dissolution under RSA 383-C:10-1004, the commissioner shall make a determination under RSA 383-A:6-604. Source. 2015, 272:16, eff. Oct. 1, 2015. 2017, 209:19, eff. Sept. 8, 2017.
Section 383-C:10-1006 – Completion of Plan of Dissolution.
383-C:10-1006 Completion of Plan of Dissolution. – (a) Upon issuance of the commissioner’s decision approving a trust company’s application for dissolution, the trust company may dissolve in accordance with the terms of its application for dissolution and plan for dissolution. (b) Upon completion of all actions required under the plan for dissolution and compliance […]
Section 383-C:10-1007 – Procedure; Effect; Recording Fee.
383-C:10-1007 Procedure; Effect; Recording Fee. – After the commissioner issues a certificate of dissolution under RSA 383-C:10-1006, the applicant shall file with the secretary of state the certificate of dissolution and shall pay to the secretary of state any filing a fee required by the applicable Organizations Act. In the case of a reorganization, […]