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:10-1003 – Voluntary Dissolution by Reorganization.
383-C:10-1003 Voluntary Dissolution by Reorganization. – A trust company that voluntarily dissolves by means of a reorganization into an entity that is not authorized to engage in trust business shall be subject to the provisions of this article and the procedures for a reorganization into the type of entity as set forth in the […]
Section 383-C:10-1004 – Application for Dissolution.
383-C:10-1004 Application for Dissolution. – (a) Before a trust company may dissolve its charter under RSA 383-C:10-1002 or RSA 383-C:10-1003, the trust company shall file with the commissioner an application for dissolution. (b) The application shall include a comprehensive plan of dissolution setting forth the proposed disposition of all assets and liabilities in reasonable […]
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 […]
Section 383-C:8-802 – Application for Change of Ownership of Trust Company.
383-C:8-802 Application for Change of Ownership of Trust Company. – (a) Before consummation of any proposed change of ownership of a trust company, the new owner or new owners of trust company equity shall file an application with the commissioner describing the proposed change of ownership of the trust company as required under RSA […]
Section 383-C:6-601 – Directors.
383-C:6-601 Directors. – (a) The board of directors of a trust company shall be composed of at least 5 directors. A director need not be a resident of New Hampshire or a citizen of the United States, unless otherwise required by the commissioner in consideration of the trust company’s safety and soundness. (b) Every […]
Section 383-C:6-602 – Board Meetings.
383-C:6-602 Board Meetings. – A trust company’s board of directors shall meet on a regular basis no less than once each calendar quarter or with greater frequency as the board determines is necessary or as the commissioner requires in consideration of the trust company’s safety and soundness. Source. 2015, 272:16, eff. Oct. 1, 2015.
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.