reglab/housing_qa huggingface dataset:
NH Rev Stat § 383-C:6-601 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-C - Trust Company Act|Section 383-C:6-601 - Directors.

    383-C:6-601 Directors. –||(a) The board of directors of a trust company shall be composed of at least 5 directors. A director need not be a resident of New Hampshire or a citizen of the United States, unless otherwise required by the commissioner in consideration of the trust company's safety and soundness.||(b) Every new director shall submit to a background investigation and criminal history records check, to include submission of financial and other information in accordance with RSA 383-A:3-305(e). A trust company shall submit notice of any material change related to the background investigation and criminal history records check of any director or any new information related to the experience, ability, standing, competence, trustworthiness, and integrity of a director that could jeopardize the safe and sound operation of the trust company within 30 days of learning of such change. The cost of any examination or investigation of the background information and criminal history shall be paid by the trust company.|||Source. 2015, 272:16, eff. Oct. 1, 2015. 2021, 194:17, eff. Oct. 9, 2021.|
NH Rev Stat § 383-C:6-602 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-C - Trust Company Act|Section 383-C:6-602 - Board Meetings.

    383-C:6-602 Board Meetings. –||A trust company's board of directors shall meet on a regular basis no less than once each calendar quarter or with greater frequency as the board determines is necessary or as the commissioner requires in consideration of the trust company's safety and soundness.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-C:6-603 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-C - Trust Company Act|Section 383-C:6-603 - Officers.

    383-C:6-603 Officers. –||(a) In the case of a trust company organized as a corporation, the trust company shall have a president, a treasurer, and a secretary and may appoint one or more other officers.||(b) In the case of a trust company organized as a limited liability company, the trust company shall have one or more officers, whose titles, duties, and powers are set forth in the trust company's governing documents. The trust company shall designate each officer whose duties and powers are functionally equivalent to the duties and powers customarily held by the president, treasurer, or secretary of a corporation.||(c) The board of directors shall appoint each officer in accordance with the trust company's governing documents. The board of the directors shall have the power to remove each officer. Except as otherwise provided in the governing documents, an officer shall serve for a term that that does not exceed 3 years.||(d) RSA 383-A:5-504 shall not apply to trust companies.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-C:6-604 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-C - Trust Company Act|Section 383-C:6-604 - Removal of Directors or Officers by Commissioner.

    383-C:6-604 Removal of Directors or Officers by Commissioner. –||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.|||Source. 2021, 194:18, eff. Oct. 9, 2021.|
NH Rev Stat § 383-C:7-701 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-C - Trust Company Act|Section 383-C:7-701 - Offices Generally.

    383-C:7-701 Offices Generally. –||A trust company may operate out of one or more trust offices and other offices located within the state or in any other state or jurisdiction consistent with the trust company's business plan.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-C:7-702 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-C - Trust Company Act|Section 383-C:7-702 - Opening or Relocation of Trust Office.

    383-C:7-702 Opening or Relocation of Trust Office. –||Before opening or relocating a trust office, a trust company that has been transacting business for more than 3 years shall submit a notice to establish a trust office under RSA 383-A:6-602. During the first 3 years of transacting business, a company shall submit an application to open or relocate a trust office unless the opening or relocation is expressly provided in the trust company's business plan as approved by the commissioner. A trust company that submits such an application may proceed with the opening or relocation of the trust office if permitted by the commissioner under RSA 383-A:6-604.|||Source. 2015, 272:16, eff. Oct. 1, 2015. 2017, 209:11, eff. Sept. 8, 2017.|
NH Rev Stat § 383-C:7-703 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-C - Trust Company Act|Section 383-C:7-703 - Trust Office Closure.

    383-C:7-703 Trust Office Closure. –||At least 10 days before closing a trust office, a trust company shall provide notice of the closure to the commissioner under RSA 383-A:6-602 and may proceed to close the trust office after filing the notice without further action by the commissioner.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-C:7-704 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-C - Trust Company Act|Section 383-C:7-704 - Examination of Out-of-State Trust Offices.

    383-C:7-704 Examination of Out-of-State Trust Offices. –||The commissioner may enter into agreements with any regulatory authority having jurisdiction to examine out-of-state trust offices of trust companies. For those examinations, the cost shall be the same as that provided in RSA 383:11.|||Source. 2015, 272:16, eff. Oct. 1, 2015. 2019, 168:12, eff. Sept. 8, 2019.|
NH Rev Stat § 383-C:8-801 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-C - Trust Company Act|Section 383-C:8-801 - Application for Change of Trust Company Business Plan or Capital Plan.

    383-C:8-801 Application for Change of Trust Company Business Plan or Capital Plan. –||(a) Before the effective date of any material, proposed change to the business plan or the capital plan of a trust company, the trust company shall file an application with the commissioner describing the material, proposed amendment to its business plan or capital plan as required under RSA 383-A:6-602 and this section.||(b) The application concerning a material, proposed change of business plan or capital plan of a trust company shall include the following information:||(1) The terms and conditions of each material, proposed change to the business plan or the capital plan of the trust company and the proposed effective date of the change.||(2) A description of any impact of the each material, proposed change to the business plan or to the capital plan of the trust company on the trust company's safety and soundness.||(c) No material, proposed change to the business plan or the capital plan of a trust company shall be effective until the commissioner, acting under RSA 383-A:6-604, approves the proposed change.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-C:8-802 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-C - Trust Company Act|Section 383-C:8-802 - Application for Change of Ownership of Trust Company.

    383-C:8-802 Application for Change of Ownership of Trust Company. –||(a) Before consummation of any proposed change of ownership of a trust company, the new owner or new owners of trust company equity shall file an application with the commissioner describing the proposed change of ownership of the trust company as required under RSA 383-A:6-602 and this section. The application for a proposed change of ownership of a trust company shall be in the form prescribed by the commissioner and shall include the following information:||(1) The identity, personal history, business background, and experience of the proposed new owner or new owners, including (i) each new owner's material business activities and affiliations during the past 5 years, (ii) a description of any material pending legal or administrative proceedings in which the new owner is a party and (iii) a description of any criminal indictment or conviction of the new owner by a state or federal court. To fulfill the requirements of (iii), the commissioner may require the proposed owner or owners to submit to a criminal history records check by following the procedure prescribed under RSA 383-A:3-305(e)(3)-(4);||(2) A statement of the assets and liabilities of each new owner as of the end of the fiscal year for each of the 3 fiscal years immediately preceding the date of the notice and an interim statement of the assets and liabilities of the new owner as of a date not more than 90 days before the date of the notice;||(3) The material terms and conditions of the proposed change of ownership of the trust company and the manner in which the transaction is to be consummated.||(b) Except as provided in subsection (c), a change of ownership of a trust company shall not be effective until the commissioner, acting under RSA 383-A:6-604, approves the proposed change of ownership.||(c) If a change of ownership of a trust company occurs by reason of an involuntary change of ownership outside the reasonable control of the owner of trust company equity, then the trust company, either alone or with the new owner or new owners, shall file with the commissioner the application described in subsection (a) as promptly as reasonably practicable after the occurrence of that involuntary change of ownership. Any new owner or new owners holding trust company equity as a result of an involuntary change of ownership shall hold the trust company equity subject to determination of the commissioner under RSA 383-C:8-804.|||Source. 2015, 272:16. 2016, 230:2, eff. Aug. 8, 2016.|
NH Rev Stat § 383-C:8-804 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-C - Trust Company Act|Section 383-C:8-804 - Commissioner Determination.

    383-C:8-804 Commissioner Determination. –||After receipt of an application under RSA 383-C:8-801, RSA 383-C:8-802, or RSA 383-C:8-803 that is deemed substantially complete under RSA 383-A:6-603, the commissioner shall make a determination under RSA 383-A:6-604.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-C:8-805 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-C - Trust Company Act|Section 383-C:8-805 - Disapproval.

    383-C:8-805 Disapproval. –||(a) If the proposed change would adversely affect the safety and soundness of the trust company, then the commissioner may make a decision under RSA 383-A:6-604 to disapprove a proposed change to a capital plan or business plan, a proposed change of ownership of a trust company, or a proposed change of control of a trust company.||(b) In addition to the reasons for disapproval under subsection (a), the commissioner may make a decision under RSA 383-A:6-604 to disapprove a proposed change of ownership of a trust company or a proposed change of control of a trust company for any of the following reasons:||(1) The proposed change of ownership of the trust company or the proposed change of control of the trust company would violate any law, including any securities law of this state;||(2) The financial condition, competence, experience, or integrity of any acquirer is such as might jeopardize the safety and soundness of the trust company, including any successor to the trust company, or prejudice the interests of the clients of the trust company; and||(3) Any acquirer neglects, fails, or refuses to furnish the commissioner all the information required by the commissioner.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-C:8-806 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-C - Trust Company Act|Section 383-C:8-806 - Internal Reorganization Not a Change in Ownership or Change in Control.

    383-C:8-806 Internal Reorganization Not a Change in Ownership or Change in Control. –||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.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-C:8-807 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-C - Trust Company Act|Section 383-C:8-807 - Interim Trust Company.

    383-C:8-807 Interim Trust Company. –||If an interim entity is formed solely for the purpose of effecting a change in control of any trust company that is authorized to conduct trust business under a valid charter, the interim entity shall not be obligated to obtain a charter or authority to transact business as a state bank subject to the supervision of the commissioner so long as the only business or activity in which the interim entity engages is to effect a change of control of a trust company permitted under this chapter.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-C:9-901 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-C - Trust Company Act|Section 383-C:9-901 - Appointment of Conservator.

    383-C:9-901 Appointment of Conservator. –||If the commissioner determines that the business of any trust company is being conducted in an unsafe or unsound manner, then the commissioner may appoint a conservator for the trust company under RSA 396 who shall immediately take charge of the operation of the trust company for the purpose of correcting any unsafe or unsound condition or operation. After appointment, the conservator shall continue to serve under the direction of the commissioner for a period of time as the commissioner determines is reasonable and necessary or until relieved by order of the commissioner or of a court of competent jurisdiction. The conservator's salary, which shall be determined by the commissioner, and expenses shall be borne by the trust company under conservatorship. Except as provided in this section, a conservatorship of a trust company shall be governed by RSA 396.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-C:10-1001 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-C - Trust Company Act|Section 383-C:10-1001 - Authority to Dissolve.

    383-C:10-1001 Authority to Dissolve. –||A trust company may voluntarily dissolve in the manner provided in this article. Upon dissolution under this section, a trust company shall surrender its trust company charter to the commissioner and shall not have authority to transact business as a state bank or to engage in trust business in this state. Dissolution of a trust company may be accomplished by the liquidation of the trust company or by reorganizing the trust company into an entity that does not have authority to transact business as a state bank or conduct trust business in this state.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-C:10-1002 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-C - Trust Company Act|Section 383-C:10-1002 - Voluntary Dissolution by Liquidation.

    383-C:10-1002 Voluntary Dissolution by Liquidation. –||A trust company that voluntarily dissolves by means of liquidation shall comply with the procedures for a voluntary dissolution set forth in the applicable the Organizational Acts, but any filing required by applicable law to be submitted to the secretary of state instead shall be submitted to the commissioner.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-C:10-1003 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-C - Trust Company Act|Section 383-C:10-1003 - Voluntary Dissolution by Reorganization.

    383-C:10-1003 Voluntary Dissolution by Reorganization. –||A trust company that voluntarily dissolves by means of a reorganization into an entity that is not authorized to engage in trust business shall be subject to the provisions of this article and the procedures for a reorganization into the type of entity as set forth in the provisions of state and foreign law applicable to that type of entity. Any filing required by applicable law of this state to be submitted to the secretary of state shall first be submitted to the commissioner under this article.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-C:10-1004 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-C - Trust Company Act|Section 383-C:10-1004 - Application for Dissolution.

    383-C:10-1004 Application for Dissolution. –||(a) Before a trust company may dissolve its charter under RSA 383-C:10-1002 or RSA 383-C:10-1003, the trust company shall file with the commissioner an application for dissolution.||(b) The application shall include a comprehensive plan of dissolution setting forth the proposed disposition of all assets and liabilities in reasonable detail to effect the liquidation or reorganization.||(c) The plan of dissolution shall include arrangements for: ||(1) The discharge or assumption of all of the trust company's known or unknown claims and liabilities;||(2) With respect to each trust of which it serves as a trustee, trust advisor, or trust protector, the appointment of a successor trustee, trust advisor, or trust protector; and||(3) With respect to each other account or arrangement of which it serves as a fiduciary, the appointment of a successor fiduciary.||(d) In connection with any further investigation or examination that the commissioner conducts in accordance with RSA 383-A:6-604, the trust company shall provide to the commissioner any certifications, affidavits, documents, and information with respect to the dissolution as the commissioner may request concerning:||(1) How assets and liabilities will be disposed of;||(2) The timetable for effecting disposition of trust company assets and liabilities; and||(3) The dissolving trust company's proposal for dealing with any claims that are asserted after the dissolution has been completed.|||Source. 2015, 272:16, eff. Oct. 1, 2015. 2017, 209:19, eff. Sept. 8, 2017. 2019, 169:13, eff. July 10, 2019.|
NH Rev Stat § 383-C:10-1005 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-C - Trust Company Act|Section 383-C:10-1005 - Commissioner Determination.

    383-C:10-1005 Commissioner Determination. –||After receipt of an application for dissolution under RSA 383-C:10-1004, the commissioner shall make a determination under RSA 383-A:6-604.|||Source. 2015, 272:16, eff. Oct. 1, 2015. 2017, 209:19, eff. Sept. 8, 2017.|
NH Rev Stat § 383-C:10-1006 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-C - Trust Company Act|Section 383-C:10-1006 - Completion of Plan of Dissolution.

    383-C:10-1006 Completion of Plan of Dissolution. –||(a) Upon issuance of the commissioner's decision approving a trust company's application for dissolution, the trust company may dissolve in accordance with the terms of its application for dissolution and plan for dissolution.||(b) Upon completion of all actions required under the plan for dissolution and compliance with any conditions prescribed by the commissioner, the trust company shall submit a report of its actions to the commissioner.||(c) The trust company's board of directors shall certify, under oath, that the report is true and correct.||(d) Following receipt of the report, the commissioner may examine the trust company to determine whether:||(1) All required actions have been taken to liquidate or reorganize the trust company in accordance with the plan for dissolution; and||(2) The trust company complied with any conditions prescribed by the commissioner.||(e) After receiving the trust company's report, determining that the required actions under the plan for dissolution have been completed, and determining that the trust company complied with any conditions prescribed by the commissioner, the commissioner shall notify the trust company that the dissolution has been completed and is final.||(1) The notice shall supplement the approval of the application for dissolution issued by the commissioner under RSA 383-A:6-604.||(2) After receiving the notice, the trust company shall surrender its charter to the commissioner, and the commissioner shall issue a certificate of dissolution, which the trust company shall file with the secretary of state in accordance with RSA 383-C:10-1007.||(f) If the commissioner is not satisfied that all required actions have been taken or the trust company has not complied with all of the conditions prescribed by the commissioner, then the commissioner shall notify the dissolving trust company what additional actions shall be taken to be eligible for a certificate of dissolution.||(1) The notice shall supplement the approval of the application for dissolution issued by the commissioner under RSA 383-A:6-604.||(2) In the notice, the commissioner may establish a deadline for the submission of evidence that the additional actions have been taken.||(3) The commissioner may extend the deadline for good cause shown.||(4) If, before the deadline, the trust company fails to submit evidence that the additional actions have been taken or the commissioner determines that the submitted evidence is inadequate or otherwise unsatisfactory, then the commissioner may revoke its approval of the application for dissolution.|||Source. 2015, 272:16, eff. Oct. 1, 2015. 2017, 209:19, eff. Sept. 8, 2017.|