Trust Company Act

New Hampshire · Trust Company Act · §§ 383-C:10-1001 to 383-C:9-901 · 52 sections

Overview

The act governs the chartering, powers, and supervision of state trust companies, covering how such a company is formed and capitalized, what it may call itself, and the range of financial activities it may conduct. Oversight rests with the state banking commissioner and banking department, which review charter applications through a process of notice, investigation, protest, and hearing, conduct periodic examinations, require statements of condition and income, and issue interpretive statements and opinions that regulated parties may rely on. It also makes examination and investigative information confidential except for defined disclosures to other regulators and supervised institutions, limits the liability of trust company and regulatory personnel, provides administrative hearings with appeal to district court, and allows certain trust companies to seek exemption from portions of its requirements.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.

Sections covered

N.H. Rev. Stat. Ann. § 383-C:10-1001Authority to Dissolve
N.H. Rev. Stat. Ann. § 383-C:10-1002Voluntary Dissolution by Liquidation
N.H. Rev. Stat. Ann. § 383-C:10-1003Voluntary Dissolution by Reorganization
N.H. Rev. Stat. Ann. § 383-C:10-1004Application for Dissolution
N.H. Rev. Stat. Ann. § 383-C:10-1005Commissioner Determination
N.H. Rev. Stat. Ann. § 383-C:10-1006Completion of Plan of Dissolution
N.H. Rev. Stat. Ann. § 383-C:10-1007Procedure; Effect; Recording Fee
N.H. Rev. Stat. Ann. § 383-C:1-101Short Title
N.H. Rev. Stat. Ann. § 383-C:1-102Scope
N.H. Rev. Stat. Ann. § 383-C:1-103Reservation of Power to Amend or Repeal
N.H. Rev. Stat. Ann. § 383-C:1-104Commissioner
N.H. Rev. Stat. Ann. § 383-C:11-1101Engagement in Trust Business
N.H. Rev. Stat. Ann. § 383-C:11-1102Trust Office
N.H. Rev. Stat. Ann. § 383-C:11-1103Examination
N.H. Rev. Stat. Ann. § 383-C:11-1104Filings With the Secretary of State
N.H. Rev. Stat. Ann. § 383-C:11-1105Domestication
N.H. Rev. Stat. Ann. § 383-C:12-1201Definitions
N.H. Rev. Stat. Ann. § 383-C:12-1202Qualified Trust Advisor Powers
N.H. Rev. Stat. Ann. § 383-C:13-1301Reports and Other Filings
N.H. Rev. Stat. Ann. § 383-C:14-1401Regular Examination
N.H. Rev. Stat. Ann. § 383-C:14-1402Exemption from Regular Examination
N.H. Rev. Stat. Ann. § 383-C:2-201Definitions
N.H. Rev. Stat. Ann. § 383-C:3-301Trust Business Generally
N.H. Rev. Stat. Ann. § 383-C:3-302No Acceptance of Deposits
N.H. Rev. Stat. Ann. § 383-C:3-303No Bond
N.H. Rev. Stat. Ann. § 383-C:3-304Nominees
N.H. Rev. Stat. Ann. § 383-C:3-305Depositing Securities
N.H. Rev. Stat. Ann. § 383-C:3-306Denial of Charter
N.H. Rev. Stat. Ann. § 383-C:3-307Trust Company Business Plan; Amendments to Business Plan
N.H. Rev. Stat. Ann. § 383-C:3-308Trust Company Capital Plan and Amendments to Capital Plan
N.H. Rev. Stat. Ann. § 383-C:3-309Change to Approved Business Plan or Capital Plan
N.H. Rev. Stat. Ann. § 383-C:4-401Safety and Soundness
N.H. Rev. Stat. Ann. § 383-C:4-402Consideration of Safety and Soundness of Trust Companies
N.H. Rev. Stat. Ann. § 383-C:5-501Required Capital, Fidelity Bond, Liability Insurance Generally
N.H. Rev. Stat. Ann. § 383-C:5-502Required Capital
N.H. Rev. Stat. Ann. § 383-C:5-503Liquidation Pledge
N.H. Rev. Stat. Ann. § 383-C:6-601Directors
N.H. Rev. Stat. Ann. § 383-C:6-602Board Meetings
N.H. Rev. Stat. Ann. § 383-C:6-603Officers
N.H. Rev. Stat. Ann. § 383-C:6-604Removal of Directors or Officers by Commissioner
N.H. Rev. Stat. Ann. § 383-C:7-701Offices Generally
N.H. Rev. Stat. Ann. § 383-C:7-702Opening or Relocation of Trust Office
N.H. Rev. Stat. Ann. § 383-C:7-703Trust Office Closure
N.H. Rev. Stat. Ann. § 383-C:7-704Examination of Out-of-State Trust Offices
N.H. Rev. Stat. Ann. § 383-C:8-801Application for Change of Trust Company Business Plan or Capital Plan
N.H. Rev. Stat. Ann. § 383-C:8-802Application for Change of Ownership of Trust Company
N.H. Rev. Stat. Ann. § 383-C:8-803Application for Change of Control of Trust Company
N.H. Rev. Stat. Ann. § 383-C:8-804Commissioner Determination
N.H. Rev. Stat. Ann. § 383-C:8-805Disapproval
N.H. Rev. Stat. Ann. § 383-C:8-806Internal Reorganization Not a Change in Ownership or Change in Control
N.H. Rev. Stat. Ann. § 383-C:8-807Interim Trust Company
N.H. Rev. Stat. Ann. § 383-C:9-901Appointment of Conservator

Enacted in other states

New Mexico, Texas

All New Hampshire named statutes →

Download

Copy

Embed on your site

Hover to preview · click to copy the code

Search Wikipedia →