Section 383-C:11-1102 – Trust Office.
383-C:11-1102 Trust Office. – (a) Before opening or relocating a trust office within this state, a foreign trust company shall submit notice to the commissioner describing the opening or relocation under RSA 383-A:6-602. A foreign trust company may only proceed with the opening or relocation of a trust office if permitted to do so […]
Section 383-C:11-1103 – Examination.
383-C:11-1103 Examination. – (a) The commissioner may examine a foreign trust company’s trust offices either on-site or off-site for purposes of confirming the foreign trust company’s safety and soundness, including its compliance with applicable laws. (b) The commissioner may enter into a cooperative or information-sharing agreement with any regulatory authority having jurisdiction with respect […]
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:8-804 – Commissioner Determination.
383-C:8-804 Commissioner Determination. – After receipt of an application under RSA 383-C:8-801, RSA 383-C:8-802, or RSA 383-C:8-803 that is deemed substantially complete under RSA 383-A:6-603, the commissioner shall make a determination under RSA 383-A:6-604. Source. 2015, 272:16, eff. Oct. 1, 2015.
Section 383-C:8-805 – Disapproval.
383-C:8-805 Disapproval. – (a) If the proposed change would adversely affect the safety and soundness of the trust company, then the commissioner may make a decision under RSA 383-A:6-604 to disapprove a proposed change to a capital plan or business plan, a proposed change of ownership of a trust company, or a proposed change […]
Section 383-C:8-806 – Internal Reorganization Not a Change in Ownership or Change in Control.
383-C:8-806 Internal Reorganization Not a Change in Ownership or Change in Control. – The acquisition or transfer of the equity or indirect ownership of a trust company between entities under common control that are affiliated with the trust company, so that, after giving effect to the acquisition or transfer, the ultimate, indirect ownership of […]
Section 383-C:8-807 – Interim Trust Company.
383-C:8-807 Interim Trust Company. – If an interim entity is formed solely for the purpose of effecting a change in control of any trust company that is authorized to conduct trust business under a valid charter, the interim entity shall not be obligated to obtain a charter or authority to transact business as a […]
Section 383-C:9-901 – Appointment of Conservator.
383-C:9-901 Appointment of Conservator. – If the commissioner determines that the business of any trust company is being conducted in an unsafe or unsound manner, then the commissioner may appoint a conservator for the trust company under RSA 396 who shall immediately take charge of the operation of the trust company for the purpose […]
Section 383-C:10-1001 – Authority to Dissolve.
383-C:10-1001 Authority to Dissolve. – A trust company may voluntarily dissolve in the manner provided in this article. Upon dissolution under this section, a trust company shall surrender its trust company charter to the commissioner and shall not have authority to transact business as a state bank or to engage in trust business in […]
Section 383-C:10-1002 – Voluntary Dissolution by Liquidation.
383-C:10-1002 Voluntary Dissolution by Liquidation. – A trust company that voluntarily dissolves by means of liquidation shall comply with the procedures for a voluntary dissolution set forth in the applicable the Organizational Acts, but any filing required by applicable law to be submitted to the secretary of state instead shall be submitted to the […]