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 the trust company remains the same, shall not be considered a change of ownership of the trust company or a change in control of the trust company for purposes of this chapter.
N.H. Rev. Stat. Ann. § 383-C:8-806
Internal Reorganization Not a Change in Ownership or Change in Control
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.