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 […]
Section 383-C:6-603 – Officers.
383-C:6-603 Officers. – (a) In the case of a trust company organized as a corporation, the trust company shall have a president, a treasurer, and a secretary and may appoint one or more other officers. (b) In the case of a trust company organized as a limited liability company, the trust company shall have […]
Section 383-C:6-604 – Removal of Directors or Officers by Commissioner.
383-C:6-604 Removal of Directors or Officers by Commissioner. – In addition to the grounds for removal set forth in RSA 383-A:9-902, the commissioner may also remove a director or officer of a trust company if, in the opinion of the commissioner, the director or officer does not possess the experience, ability, standing, competence, trustworthiness, […]
Section 383-C:7-701 – Offices Generally.
383-C:7-701 Offices Generally. – A trust company may operate out of one or more trust offices and other offices located within the state or in any other state or jurisdiction consistent with the trust company’s business plan. Source. 2015, 272:16, eff. Oct. 1, 2015.
Section 383-C:7-702 – Opening or Relocation of Trust Office.
383-C:7-702 Opening or Relocation of Trust Office. – Before opening or relocating a trust office, a trust company that has been transacting business for more than 3 years shall submit a notice to establish a trust office under RSA 383-A:6-602. During the first 3 years of transacting business, a company shall submit an application […]
Section 383-C:7-703 – Trust Office Closure.
383-C:7-703 Trust Office Closure. – At least 10 days before closing a trust office, a trust company shall provide notice of the closure to the commissioner under RSA 383-A:6-602 and may proceed to close the trust office after filing the notice without further action by the commissioner. Source. 2015, 272:16, eff. Oct. 1, 2015.
Section 383-C:7-704 – Examination of Out-of-State Trust Offices.
383-C:7-704 Examination of Out-of-State Trust Offices. – The commissioner may enter into agreements with any regulatory authority having jurisdiction to examine out-of-state trust offices of trust companies. For those examinations, the cost shall be the same as that provided in RSA 383:11. Source. 2015, 272:16, eff. Oct. 1, 2015. 2019, 168:12, eff. Sept. 8, […]
Section 383-C:8-801 – Application for Change of Trust Company Business Plan or Capital Plan.
383-C:8-801 Application for Change of Trust Company Business Plan or Capital Plan. – (a) Before the effective date of any material, proposed change to the business plan or the capital plan of a trust company, the trust company shall file an application with the commissioner describing the material, proposed amendment to its business plan […]