No person shall be granted a charter to transact business as a trust company if the commissioner determines that the applicant for a charter will not conduct the proposed trust business by the applicant in a safe and sound manner.
N.H. Rev. Stat. Ann. § 383-C:3-306
Denial of Charter
Known as the Trust Company Act
The act spans §§ 383-C:10-1001 to 383-C:9-901 (52 sections).
Source. 2015, 272:16, eff
Official source: New Hampshire General Court. Reproduced from public-domain New Hampshire statutes; confirm against the official source for the current text. Not legal advice.