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, and integrity to ensure the safe and sound operation of the trust company. The commissioner shall act in accordance with the procedure described in RSA 383-A:9-902 for any such removal.
N.H. Rev. Stat. Ann. § 383-C:6-604
Removal of Directors or Officers by Commissioner
Known as the Trust Company Act
The act spans §§ 383-C:10-1001 to 383-C:9-901 (52 sections).
Source. 2021, 194:18, 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.