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:8-803 – Application for Change of Control of Trust Company.
383-C:8-803 Application for Change of Control of Trust Company. – (a) Before consummation of any proposed change of control of a trust company, the trust company, either alone or with the acquirer or acquirers of control, shall file an application with the commissioner describing the proposed change of control of the trust company as […]
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 […]