reglab/housing_qa huggingface dataset:
NH Rev Stat § 383-B:10-1003 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-B - Depository Bank Act|Section 383-B:10-1003 - Interstate Bank Combination.

    383-B:10-1003 Interstate Bank Combination. –||(a) A depository bank may combine with any foreign bank. No combination shall be permitted which will result in a violation of the deposit limitation contained in RSA 383-B:9-906, except as provided in RSA 383-B:9-907.||(b) The depository bank shall be required to obtain all approvals necessary to combine with the foreign bank under New Hampshire law. The depository bank shall apply to the commissioner for approval of the proposed combination as required under RSA 383-A:6-602 and file with the commissioner a copy of each application or notice filed with federal or other state regulatory authorities relating to the combination at the same time such application or notice is filed with the federal or other state regulatory authorities. If it is permitted to do so by the commissioner under RSA 383-A:6-604, the depository bank may complete the combination with the foreign bank, subject to federal and other state approvals.||(c) If the resulting bank is a depository bank, it shall have all the powers held by the foreign bank with which it combined under the laws of the state in which each branch office is located, subject to the duties and restrictions thereof. In addition to any regulation by regulatory authorities in the state where a branch office is located, each branch office of the depository bank located outside of New Hampshire shall be subject to regulation by the commissioner as if such branch office were located in New Hampshire and shall comply with New Hampshire law in the conduct of its business in such other state unless otherwise required or permitted under the laws of such other state.||(d) If the resulting bank is a foreign bank, it shall have all the powers held by the depository bank with which it combined under New Hampshire law, subject to the duties and restrictions thereof. Any branch office located in New Hampshire of a foreign bank, other than a national bank or federal savings association, shall be regulated by the commissioner as if the branch office were a branch office of a depository bank. Any foreign bank having a branch office located in New Hampshire shall comply with New Hampshire law in the conduct of its business in New Hampshire. No branch office of a foreign bank shall be permitted to engage in any activity not permissible for a depository bank. Notwithstanding the foregoing, if the foreign bank is a national bank or a federal savings association, it shall comply with New Hampshire law to the maximum extent allowed under federal law.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-B:10-1005 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-B - Depository Bank Act|Section 383-B:10-1005 - Examination of Foreign banks and Foreign Bank Holding Companies.

    383-B:10-1005 Examination of Foreign banks and Foreign Bank Holding Companies. –||(a) The commissioner may examine New Hampshire branch offices of (i) foreign banks, other than national banks and federal savings banks, and (ii) foreign bank holding companies. The commissioner may, as an adjunct to such authority, enter into agreements with federal and other state regulatory authorities to examine or participate in the examination of New Hampshire branch offices of foreign banks and foreign bank holding companies. Notwithstanding RSA 98-B:5, or any other provision of law to the contrary, the commissioner is authorized to permit one or more department employees to travel outside this state for purposes of conducting or participating in the examination of a foreign bank or foreign bank holding companies without the necessity of obtaining the separate consent of the governor and executive council for such out-of-state travel. The commissioner is further authorized to enter into agreements with federal and other state regulatory authorities for purposes of sharing and protecting the confidentiality of any department examination report, work papers, or other examination information and the examination report, work papers, or other examination information of the other state or federal regulatory authority.||(b) The cost of any examination conducted under subsection (a) shall be the same as that provided by RSA 383:11.||(c) The commissioner and examination personnel making an examination, either individually or as a group, may mutually agree to flexible or alternative work schedules, similar to Federal Deposit Insurance Corporation and Federal Reserve Bank examiner work schedules, that will permit department examiners assigned to an out-of-state examination to work less than 5 days per calendar week, provided that the examiner shall work no less than 75 hours per scheduled pay period. Neither the commissioner nor any employee affected hereby shall be required or compelled, as a condition of continued employment or otherwise, to consent to such flexible or alternative work schedule. The commissioner shall be entitled to establish policies that set forth the number of hours in each work day and the days of the week that constitute work days, or other conditions applicable to flexible and alternative work schedules, and any flexible or alternative work schedule agreements entered into between the commissioner and examiners shall be subject to such policies.|||Source. 2015, 272:16, eff. Oct. 1, 2015. 2019, 168:11, eff. Sept. 8, 2019.|
NH Rev Stat § 383-B:10-1006 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-B - Depository Bank Act|Section 383-B:10-1006 - Examination of Out-of-State Branch Offices of Depository Banks.

    383-B:10-1006 Examination of Out-of-State Branch Offices of Depository Banks. –||The commissioner shall be authorized to conduct or to enter into agreements with federal bank or foreign regulatory authorities to examine out-of-state branch offices of depository banks. The cost of such examinations shall be chargeable and paid in accordance with RSA 383-B:10-1005 and RSA 383:11, I. RSA 383-B:10-1005 shall apply to department examination personnel employed in making such examinations.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-B:10-1007 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-B - Depository Bank Act|Section 383-B:10-1007 - Insurance Not Affected.

    383-B:10-1007 Insurance Not Affected. –||This chapter shall not be interpreted to limit or to enlarge the power of any depository bank, national bank, federal savings bank or foreign depository bank to engage in the business of insurance or in any activity requiring licensing under RSA 401 or RSA 405.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-C:1-101 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-C - Trust Company Act|Section 383-C:1-101 - Short Title.

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

    383-C:1-102 Scope. –||This chapter applies to trust companies, foreign trust companies, and qualified trust advisors. A trust company is a nondepository state bank that engages in trust business and that is chartered under this chapter or prior law. Except as otherwise provided in this chapter, RSA 383-A applies to trust companies, foreign trust companies, and, as provided in article 12 of this chapter, qualified trust advisors.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-C:1-103 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-C - Trust Company Act|Section 383-C:1-103 - Reservation of Power to Amend or Repeal.

    383-C: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-C:1-104 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-C - Trust Company Act|Section 383-C:1-104 - Commissioner.

    383-C: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, except for rules adopted under RSA 394-A:7 which shall continue in full force and effect until amended or repealed.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-C:2-201 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-C - Trust Company Act|Section 383-C:2-201 - Definitions.

    383-C:2-201 Definitions. –||(a) Each term defined under RSA 383-A shall have the same meaning for purposes of this chapter.||(b) For purposes of this chapter, the following definitions shall also apply:||(1) "Change of ownership of a trust company" means the acquisition through a single transaction or a series of related transactions of 10 percent or more of a trust company's equity. The acquirer or acquirers of trust company equity under a change of ownership of a trust company is or are referred to as a new owner or new owners.||(2) "Change of control of a trust company" means a single transaction or a series of related transactions that results in any of the following consequences: (i) a direct or indirect transfer of ownership of more than 50 percent of the issued and outstanding voting equity of a trust company; (ii) a combination to which any trust company is a party; (iii) the transfer by a trust company to any other person of all or substantially all of the assets held in trust or otherwise under management by the trust company; or (iv) conversion of a trust company to another entity form. The acquirer or acquirers of trust company equity or assets, the successor, or the survivor with respect to any change of control of a trust company is or are referred to as the acquirer or acquirers of control.||(3) "Foreign trust company" means an entity that is formed under the laws of a state or jurisdiction other than this state and is authorized to engage in trust business.||(4) "Qualified trust advisor" has the meaning specified in RSA 383-C:12-1201.||(5) "Required capital" means the total amount of capital that a trust company is required to maintain under RSA 383-C:5-502.||(6) "Trust business" shall include the business of doing any or all of the things specified in RSA 383-C:3-301(b) through RSA 383-C:3-301(q).||(7) "Trust office" means a place of business of a trust company at which trust business is conducted, but shall not include an office that provides only administrative services or support for its trust business. The commissioner may define by rule which administrative services or support for a trust business would qualify for exemption from this definition and the procedure for requesting such exemption.|||Source. 2015, 272:16, eff. Oct. 1, 2015. 2019, 169:11, eff. Sept. 8, 2019.|
NH Rev Stat § 383-C:3-302 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-C - Trust Company Act|Section 383-C:3-302 - No Acceptance of Deposits.

    383-C:3-302 No Acceptance of Deposits. –||A trust company shall not have the power to accept deposits, and a trust company's organizational instrument shall include a statement that the trust company does not have the power to accept deposits.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-C:3-303 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-C - Trust Company Act|Section 383-C:3-303 - No Bond.

    383-C:3-303 No Bond. –||Unless required by the order of a court with proper jurisdiction, no trust company authorized to act as trustee or executor in this state shall be required to give bond to secure performance of the trust company's duties as trustee or executor.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-C:3-304 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-C - Trust Company Act|Section 383-C:3-304 - Nominees.

    383-C:3-304 Nominees. –||Any trust company while acting in a fiduciary or custodial capacity, either alone or jointly with a person or persons, may cause any stock or other securities to be registered and held in the name of a nominee without mention of the fiduciary or custodial relationship.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-C:3-305 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-C - Trust Company Act|Section 383-C:3-305 - Depositing Securities.

    383-C:3-305 Depositing Securities. –||Any trust company while acting in a fiduciary capacity, or as an agent or custodian or any fiduciary acting for itself, is authorized to deposit or arrange for the deposit of securities with a bank or other regulated financial-service entity. At all time, the records of any trust company shall show the name of the party for whose account the securities are so deposited.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-C:3-306 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-C - Trust Company Act|Section 383-C:3-306 - Denial of Charter.

    383-C:3-306 Denial of Charter. –||No person shall be granted a charter to transact business as a trust company if the commissioner determines that the applicant for a charter will not conduct the proposed trust business by the applicant in a safe and sound manner.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-C:3-307 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-C - Trust Company Act|Section 383-C:3-307 - Trust Company Business Plan; Amendments to Business Plan.

    383-C:3-307 Trust Company Business Plan;  Amendments to Business Plan. –||A trust company's board of directors shall adopt a business plan that specifies (i) the trust business and other business in which the trust company will engage, (ii) the trust company's management and operation structures, including information technology, (iii) the trust company's disaster recovery or contingency plan, and (iv) other information relevant to the governance, operation, equity ownership, and business of the trust company, including other information as may be prescribed by the commissioner. A trust company's business plan shall be such as will assure the safety and soundness of the trust company. A trust company's board of directors shall obtain the commissioner's approval of any material amendment of its business plan as provided in RSA 383-C:8-801.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-C:3-308 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-C - Trust Company Act|Section 383-C:3-308 - Trust Company Capital Plan and Amendments to Capital Plan.

    383-C:3-308 Trust Company Capital Plan and Amendments to Capital Plan. –||A trust company's board of directors shall adopt a capital plan that specifies (i) the amount of the trust company's capital, (ii) including its required capital, the quality, liquidity, and sources of the trust company's capital, (iii) the proposed investment of the trust company's capital and (iv) other information relevant to the capital of the trust company, including other information as may be prescribed by the commissioner. A trust company's capital plan shall be such as will assure the safety and soundness of the trust company. A trust company's board of directors also shall approve and adopt each amendment to the trust company's capital plan. A trust company shall obtain the commissioner's approval of any material amendment of its capital plan as provided in RSA 383-C:8-801.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-C:3-309 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-C - Trust Company Act|Section 383-C:3-309 - Change to Approved Business Plan or Capital Plan.

    383-C:3-309 Change to Approved Business Plan or Capital Plan. –||No trust company shall engage in trust business that is materially different from, or inconsistent with, the business plan or capital plan approved by the commissioner. A trust company may effect a material amendment to the trust company's business plan or capital plan under RSA 383-C:8-801.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-C:4-401 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-C - Trust Company Act|Section 383-C:4-401 - Safety and Soundness.

    383-C:4-401 Safety and Soundness. –||For purposes of determining the safety or soundness of a trust company or any act that a trust company has taken or proposes to take, the commissioner shall consider the following factors:||(a) The nature and type of fiduciary activities that the trust company conducts or proposes to conduct;||(b) The complexity of fiduciary duties that the trust company has or proposes to have;||(c) The degree of discretion that the trust company has or proposes to have;||(d) The amount, nature, and types of fiduciary assets that the trust company holds or manages, or projects to hold or manage;||(e) The nature and type of non-fiduciary activities that the trust company conducts or proposes to conduct;||(f) The character, qualifications, competence, and experience of the trust company's directors, and executive officers;||(g) The extent and adequacy of the trust company's proposed or existing internal controls and risk management procedures;||(h) The amount of the trust company's capital, fidelity bond, and errors and omissions insurance, and the adequacy of those resources for purposes of protecting the trust company's clients;||(i) The ability of a parent or affiliate of the trust company to serve as a source of strength for the trust company;||(j) The quality, liquidity, amount, and source of the trust company's capital;||(k) The market or markets that the trust company serves or proposes to serve;||(l) The trust company's financial success, the prospects for future financial success, and the reasonableness of its business plans;||(m) The existence and adequacy of insurance obtained or held by the trust company for the purpose of protecting the trust company's clients and the settlors and beneficiaries of any trust of which the trust company is serving or proposes to serve as a trustee;||(n) The quality and results of prior financial audits and any fiduciary compliance audits, and the results of prior examinations;||(o) The adequacy of the trust company's operating systems, such as the trust company's information technology systems, the trust company's cybersecurity systems, and the trust company's disaster protection and recovery systems;||(p) The trust company's past experience complying with applicable laws and its potential for compliance with applicable laws in the future; and||(q) Any other relevant factors under rules that the commissioner may adopt.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-C:4-402 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-C - Trust Company Act|Section 383-C:4-402 - Consideration of Safety and Soundness of Trust Companies.

    383-C:4-402 Consideration of Safety and Soundness of Trust Companies. –||The commissioner shall consider the safety and soundness of a trust company and may make findings relative to a trust company's safety and soundness: (i) when considering any application or notice submitted by a trust company or by any person proposing to be chartered as a trust company; (ii) when examining or investigating the trust company; (iii) when determining whether or not to initiate any proceeding or issue any no-objection letter, notice, determination; (iv) or order in respect of a trust company, its directors, or its officers, or otherwise as required by this chapter or as the commissioner determines in the commissioner's discretion.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|
NH Rev Stat § 383-C:5-501 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-C - Trust Company Act|Section 383-C:5-501 - Required Capital, Fidelity Bond, Liability Insurance Generally.

    383-C:5-501 Required Capital, Fidelity Bond, Liability Insurance Generally. –||A trust company shall maintain the level of capital required under RSA 383-C:5-502, a fidelity bond under RSA 383-A:4-405, an errors and omissions liability insurance policy under RSA 383-A:4-406, and a liquidation pledge under RSA 383-C:5-503. The commissioner shall consider a trust company's safety and soundness and the protection of the trust company's clients in determining the appropriate amounts of required capital, fidelity bond coverage, errors and omissions liability insurance coverage, and liquidation pledge for the trust company. In addition to the requirements in RSA 383-A:4-405 and RSA 383-A:4-406, any insurance deductible shall be reasonable and shall not jeopardize the safe and sound operation of the trust company.|||Source. 2015, 272:16, eff. Oct. 1, 2015. 2019, 169:12, eff. Sept. 8, 2019.|
NH Rev Stat § 383-C:5-502 (2021)
2021 New Hampshire Revised Statutes|Title XXXV - Banks and Banking; Loan Associations; Credit Unions|Title 383-C - Trust Company Act|Section 383-C:5-502 - Required Capital.

    383-C:5-502 Required Capital. –||(a) The minimum required capital of a trust company is $500,000. The commissioner may require a trust company to maintain required capital in excess of the minimum required capital.||(b) After a trust company is granted authority to transact business, a trust company shall maintain capital consistent with the trust company's capital plan and not less than the required capital determined by the commissioner for the trust company. Upon notice to a trust company and in consideration of the trust company's safety and soundness, the commissioner may: increase the amount of the trust company's required capital, or the commissioner may reduce the amount of trust company's required capital. All changes to the trust company's required capital shall be reflected in one or more amendments to the trust company's capital plan.||(c) After a trust company is granted authority to transact business, a trust company shall hold and invest its capital, including the trust company's required capital, in accordance with the trust company's capital plan. The investment of a trust company's capital shall be in manner consistent with the prudent investor standard under RSA 564-B:9-902. Consistent with trust company safety and soundness and the prudent investor standard, a trust company's capital plan may permit a trust company to invest a portion of its capital, including a portion of the trust company's required capital, in any investment that has principal risk.|||Source. 2015, 272:16, eff. Oct. 1, 2015.|