reglab/housing_qa huggingface dataset:
NH Rev Stat § 383-C:10-1007 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-C - Trust Company Act|Section 383-C:10-1007 - Procedure; Effect; Recording Fee.

    383-C:10-1007 Procedure;  Effect;  Recording Fee. –||After the commissioner issues a certificate of dissolution under RSA 383-C:10-1006, the applicant shall file with the secretary of state the certificate of dissolution and shall pay to the secretary of state any filing a fee required by the applicable Organizations Act. In the case of a reorganization, the applicant shall also file with the secretary of state the documents that, under the applicable Organization Act, are required to complete the statutory reorganization as approved by the commissioner, including the organizational documents for the reorganized entity. The secretary of state shall record the certificate and other documents, if any, and, consistent with its practice and applicable law, the secretary of state may issue a certificate evidencing the liquidation or reorganization. Upon acceptance by the secretary of state of the filing of a certificate of dissolution issued under RSA 383-C:10-1006, and the issuance of any certificate or acknowledgment by the secretary of state, the dissolving trust company shall be deemed to have been voluntarily dissolved or reorganized, as applicable, with the same effect as if the voluntary dissolution or reorganization had been effected by an entity subject to the applicable Organizational Act.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-C:11-1101 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-C - Trust Company Act|Section 383-C:11-1101 - Engagement in Trust Business.

    383-C:11-1101 Engagement in Trust Business. –||(a) A foreign trust company may engage in trust business in this state.||(b) A foreign trust company that engages in trust business in this state is subject to RSA 383-A and this chapter.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-C:11-1102 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-C - Trust Company Act|Section 383-C:11-1102 - Trust Office.

    383-C:11-1102 Trust Office. –||(a) Before opening or relocating a trust office within this state, a foreign trust company shall submit notice to the commissioner describing the opening or relocation under RSA 383-A:6-602. A foreign trust company may only proceed with the opening or relocation of a trust office if permitted to do so by the commissioner under RSA 383-A:6-604.||(b) At least 10 days before closing a trust office within this state, a foreign trust company shall provide notice of the closure to the commissioner.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-C:11-1103 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-C - Trust Company Act|Section 383-C:11-1103 - Examination.

    383-C:11-1103 Examination. –||(a) The commissioner may examine a foreign trust company's trust offices either on-site or off-site for purposes of confirming the foreign trust company's safety and soundness, including its compliance with applicable laws.||(b) The commissioner may enter into a cooperative or information-sharing agreement with any regulatory authority having jurisdiction with respect to the periodic examination or other supervision of any foreign trust company. In lieu of conducting an examination, the commissioner may accept that agency's or organization's report of examination or investigation.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-C:11-1104 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-C - Trust Company Act|Section 383-C:11-1104 - Filings With the Secretary of State.

    383-C:11-1104 Filings With the Secretary of State. –||(a) A foreign trust company shall file with the commissioner (i) a true and complete copy of each document that the foreign trust company submits for filing with this state's secretary of state, and (ii) a copy of any notice or other document that the foreign trust company receives from this state's secretary of state.||(b) A foreign trust company organized as a corporation that domesticates in this state under RSA 383-C:11-1105 is exempt from filing annual report under the Corporation Act. A foreign trust company organized as a limited liability company that domesticates in this state under RSA 383-C:11-1105 is exempt from filing annual reports under the LLC Act.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-C:11-1105 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-C - Trust Company Act|Section 383-C:11-1105 - Domestication.

    383-C:11-1105 Domestication. –||(a) With the commissioner's prior approval, a foreign trust company organized as a corporation or a limited liability company may become a trust company through domestication in accordance with the applicable Organization Act and this section.||(b) A foreign trust company that proposes to domesticate shall file with the commissioner an application for a charter under RSA 383-A:3-305 and this section. The application shall include all documents required to be submitted under RSA 383-A:3-305, except that, instead of submitting organizational documents, the foreign trust company shall submit domestication documents, in accordance with the applicable Organizations Act and a plan of domestication.||(c) After receipt of a complete application for state charter under RSA 383-C:11-1105(b), and consistent with RSA 383-A:3-305(b), the commissioner may conduct an investigation under RSA 383-A:3-306 and may conduct a hearing under RSA 383-A:3-307. The commissioner shall take action on the application under RSA 383-A:3-308, subject to any conditions that he or she may impose with respect to the domestication, including establishing a date by which the domestication must be completed. In all domestication proceedings under this article, the foreign trust company shall act as organizer of the trust company subject to domestication for purposes of article 3 of RSA 383-A. Upon the foreign trust company's request, the commissioner subsequently may extend the domestication completion date.||(d) If the commissioner approves a foreign trust company's application for a state charter under RSA 383-A:3-308(a), then the foreign trust company shall file with the secretary of state the charter bearing the commissioner's endorsement. The secretary of state, upon payment of a fee equal to the fee charged by the secretary of state to entities domesticating under the applicable Organizations Act, shall cause the charter to be recorded.||(e) Upon the secretary of state accepting the domestication filing, the secretary of state shall issue a certificate to the domesticated trust company as provided in RSA 383-A:3-310.||(f) A foreign trust company becomes a trust company authorized to transact trust business when the domestication is effective under the applicable Organizations Act and this chapter, consistent with any determination by the commissioner.||(g) A trust company chartered in this state may domesticate as a foreign trust company and transact trust business in another jurisdiction in accordance with the applicable laws of the other jurisdiction.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-C:12-1201 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-C - Trust Company Act|Section 383-C:12-1201 - Definitions.

    383-C:12-1201 Definitions. –||For purposes of this article, the following definitions shall apply:||(a) "Limited-scope discretionary power" means discretionary power with respect to a trust if: (i) the terms of the trust confer simultaneous, discretionary authority on two or more persons; (ii) the power represents only a portion of the full range of discretionary powers conferred by the terms of the trust instrument on all persons that can exercise discretionary powers under the terms of the trust; and (iii) the power generally is directed toward a singular area of discretion. Limited-scope discretionary power may be any one of the following powers, but generally would not include more than one of the following: the power to make or direct discretionary distributions, the power to decant, the power to add or remove beneficiaries, the power to veto decisions by another fiduciary.||(b) "Qualified trust advisor" means (i) any person that serves as a trust advisor or as a trust protector and, in that capacity, exercises only limited-scope discretionary power as to a trust, and (ii) any other person designated as a qualified trust advisor pursuant to rules adopted by the commissioner under this article.||(c) "Registered advisor" means an entity that is (i) an investment advisor or broker-dealer that maintains a valid registration under state or federal law or (ii) a commodity trading advisor registered under federal law.||(d) "Trust advisor" means a trust advisor as defined in RSA 564-B:1-103(27).||(e) "Trust protector" means a trust protector as defined in RSA 564-B:1-103(28).|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-C:12-1202 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-C - Trust Company Act|Section 383-C:12-1202 - Qualified Trust Advisor Powers.

    383-C:12-1202 Qualified Trust Advisor Powers. –||(a) A qualified trust advisor that acts as a trust advisor or trust protector in this state, either by acting in such capacity from an office in this state or by acting in such capacity for a trust administered in this state, is not a bank and shall not be required to obtain a charter as a bank, so long as the qualified trust advisor exercises only limited-scope discretionary power as to each trust the qualified trust advisor serves as trust advisor or trust protector.||(b) Except as provided under this article, a qualified trust advisor shall not engage in trust business or banking business. Before engaging in any banking business or trust business that is not permitted under this article, a qualified trust advisor shall obtain a charter as a bank.||(c) Nothing in this article shall limit a registered advisor from serving as trust advisor or trust protector in this state.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-C:13-1301 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-C - Trust Company Act|Section 383-C:13-1301 - Reports and Other Filings.

    383-C:13-1301 Reports and Other Filings. –||(a) A trust company shall file with the commissioner reports of condition as required under RSA 383-A:5-510 and copies of other documents as required under RSA 383-A:5-511.||(b) A trust company shall, at the same time it files the annual report of condition pursuant to RSA 383-A:5-510, report to the commissioner the work address and other contact information where each executive officer of the trust company conducts trust business and the residential address of all directors, which information shall be kept confidential by the commissioner pursuant to RSA 383:10-b.||(c) A trust company shall have a continuing obligation to update the information reported pursuant to subsection (b) within 30 days of any change.||(d) A trust company failing to report the information required pursuant to subsections (b) and (c) within the prescribed time period shall pay to the commissioner a penalty of $50 for each day such a report is overdue.|||Source. 2017, 257:37, eff. Sept. 16, 2017. 2019, 169:14, eff. Sept. 8, 2019.|
NH Rev Stat § 383-C:14-1401 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-C - Trust Company Act|Section 383-C:14-1401 - Regular Examination.

    383-C:14-1401 Regular Examination. –||I. Subject to RSA 383-C:14-1402, the commissioner shall examine the condition and management of a trust company every 18 months, or more often when necessary in his or her judgment.||II. For trust companies that qualify under paragraph III, the commissioner may alternate every 18 months between conducting an examination of the entity and either waiving one examination, or accepting the examination report of a federal or state regulator or group of regulators with authority to conduct a similar type of examination of the entity.||III. A trust company qualifies for examination treatment under paragraph II if:||(a) It has consistently been given high ratings in past exams.||(b) It is not currently subject to an enforcement proceeding or order.||(c) The commissioner has deemed it prudent to apply this paragraph and paragraph II.|||Source. 2017, 257:37, eff. Sept. 16, 2017. 2019, 168:13, eff. July 10, 2019.|
NH Rev Stat § 383-D:1-101 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-D - Family Trust Company Act|Section 383-D:1-101 - Short Title.

    383-D:1-101 Short Title. –||This chapter shall be known and may be cited as the "Family Trust Company Act."|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-D:1-102 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-D - Family Trust Company Act|Section 383-D:1-102 - Scope.

    383-D:1-102 Scope. –||This chapter applies to family trust companies. A family trust company is a state bank and also is a trust company. Except as otherwise provided in this chapter, RSA 383-A and RSA 383-C apply to family trust companies.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-D:1-103 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-D - Family Trust Company Act|Section 383-D:1-103 - Reservation of Power to Amend or Repeal.

    383-D:1-103 Reservation of Power to Amend or Repeal. –||The general court has power to amend or repeal all or part of this chapter at any time, and all persons subject to this chapter are governed by the amendment or repeal.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-D:1-104 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-D - Family Trust Company Act|Section 383-D:1-104 - Commissioner.

    383-D:1-104 Commissioner. –||The commissioner shall have the powers necessary or incidental to performing all of the commissioner's duties under this chapter, including the power to adopt rules as provided in this chapter in accordance with RSA 541-A. All rules previously adopted by the commissioner relating to the subject matter of this chapter shall be subject to RSA 541-A:17.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-D:1-105 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-D - Family Trust Company Act|Section 383-D:1-105 - Confidential Information.

    383-D:1-105 Confidential Information. –||(a) Except to the extent that disclosure of confidential information is permissible under RSA 383:10-b, RSA 383-A:3-305(f), or RSA 383-A:5-511(c), family trust company information is confidential, is not subject to subpoena, and is not subject to public disclosure.||(b) For purposes of this section, "family trust company information" includes the following information:||(1) Any of its information that is confidential under RSA 383:10-b or RSA 383-A:5-511(c);||(2) The name, date of birth, and any other identifying information of the designated relative;||(3) The names, addresses, and equity interests of the family trust company's equity owners;||(4) Capital contributions to the family trust company;||(5) The family trust company's directors and officers;||(6) The addresses of the family trust company's offices;||(7) The names and addresses of the family trust company's affiliates;||(8) The family trust company's business affiliations;||(9) Any information that the family trust company provides to the commissioner (whether in an application, in a report, in the course of an examination, or otherwise);||(10) Any information that the commissioner obtains in the course of an examination;||(11) An examination report;||(12) Any person's nonpublic personal financial information as defined in 15 U.S.C. section 6809(4);||(13) Any information relating to any conversion, combination, reorganization, domestication, or dissolution of a family trust company; and||(14) Any information relating to any transfer of an equity interest in a family trust company.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-D:3-301 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-D - Family Trust Company Act|Section 383-D:3-301 - Qualifications.

    383-D:3-301 Qualifications. –||A family trust company shall provide trust, investment, and other services only to family clients. A family trust company's organizational documents shall prohibit the family trust company from transacting business with the general public.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-D:3-302 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-D - Family Trust Company Act|Section 383-D:3-302 - Safety and Soundness.

    383-D:3-302 Safety and Soundness. –||(a) For purposes of determining the safety or soundness of a family trust company or any act that a family trust company has taken or proposes to take, the following shall apply:||(1) Subject to subsection (b), the commissioner shall consider the factors described in RSA 383-C:4-401;||(2) The commissioner shall give primary consideration to whether the family trust company poses a harm to the general public; and||(3) To the extent that the family trust company does not pose a harm to the general public and subject to the requirements of this chapter, the family trust company shall have broad latitude to determine how it is organized and how it will operate its affairs.||(b) For purposes of applying the factors described in RSA 383-C:4-401 to a family trust company, the commissioner shall consider that:||(1) The family trust company's market is serving family clients; and||(2) The family trust company's financial success is determined by the avoidance of net losses over multiple years.||(c) A family trust company poses a harm to the general public if the family trust company:||(1) Transacts business with the general public;||(2) Fails to establish and maintain procedures reasonably designed to assure and monitor its compliance with applicable anti-money laundering and similar laws; or||(3) Engages in any other activity that the commissioner determines poses a direct, material harm to the general public.|||Source. 2015, 272:16, eff. Oct. 1, 2015. 2017, 257:39, eff. Sept. 16, 2017.|
NH Rev Stat § 383-D:4-401 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-D - Family Trust Company Act|Section 383-D:4-401 - Family Client.

    383-D:4-401 Family Client. –||(a) With the commissioner's prior approval, a family trust company may designate a person as a family client if that person has a close and continuous relationship with one or more family clients.||(b) A person is a family client for one year after an involuntary event that otherwise would cause the person to cease to qualify as a family client. If, as the result of an involuntary event, a person becomes a client of the family trust company but does not otherwise qualify as a family client, then the person is a family client for one year after the involuntary event. For purposes of this subsection, an involuntary event means an event that is not within the reasonable control of the family trust company or a family client, including the divorce or death of a family member, a former family member, a key employee, or former key employee. The revocation of an individual's designation as a key employee under RSA 383-D:4-403(b) is not an involuntary event.||(c) If a person who, immediately before a change of the designated relative as provided in RSA 383-D:10-1002 or a change of the method of determining family members as provided in RSA 383-D:10-1003, was a family client and a client of the family trust company, then that person is a family client for one year after the effective date of the change.||(d) In the case of a family trust company that makes an election under RSA 383-D:4-402(b), "family client" includes any person to whom the family trust company could provide services if the family trust company qualified as a family office under 15 U.S.C. section 80b-2(a)(11)(G).|||Source. 2015, 272:16, eff. Oct. 1, 2015. 2017, 257:40, eff. July 18, 2017.|
NH Rev Stat § 383-D:4-402 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-D - Family Trust Company Act|Section 383-D:4-402 - Family Member.

    383-D:4-402 Family Member. –||(a) Subject to subsections (a) and (b), "family member" means any of the following individuals:||(1) The designated relative;||(2) Except as otherwise provided in subsection (b), an individual who is within (i) the fifth degree of lineal kinship to the designated relative or (ii) the ninth degree of collateral kinship to the designated relative; or||(3) A spouse or former spouse of an individual described in subsection (a)(1) or (a)(2).||(b) In lieu of the method for determining family members under subsection (a)(2), a family trust company may elect to treat as a family member any individual who is the designated relative's lineal descendant and is not more than 10 generations removed from the designated relative. A family trust company that wishes to use this alternate method shall make the election on its application under RSA 383-D:5-502 or file with the commissioner a notice in accordance with RSA 383-D:10-1003.||(c) For purposes of subsections (a)(2) and (b), a family member's child includes the family member's adopted child, stepchild, or foster child or an individual who was a minor when the family member became that individual's guardian.||(d) For purposes of this section, "lineal kinship" means a family member who is in the direct line of ascent or descent from the designated relative, and "collateral kinship" means a relationship that is not lineal, but stems from a common ancestor. Degrees are calculated by adding the number of steps from the designated relative through each person to the family member either directly in the case of lineal kinship or through the common ancestor in the case of collateral kinship.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-D:4-403 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-D - Family Trust Company Act|Section 383-D:4-403 - Key Employee.

    383-D:4-403 Key Employee. –||(a) For purposes of RSA 383-D:2-201(b)(10)(A), an individual who solely performs clerical, secretarial, or administrative functions for the family trust company, eligible trust, family entity, or family charitable organization does not participate in trust services or the entity's management.||(b) In addition to any individual who is a key employee under RSA 383-D:2-201(b)(10)(A) or (B), a family trust company may designate as a key employee an individual who is a current or former employee of the family trust company, an eligible trust, a family entity, or a family charitable organization. A family trust company may revoke any designation of an individual as a key employee. At any time, the number of individuals designated as key employees under this subsection shall not exceed 35.|||Source. 2015, 272:16. 2016, 230:4, eff. Aug. 8, 2016.|