New Hampshire Statutes
§ 383-C:12-1202 — Qualified Trust Advisor Powers
New Hampshire § 383-C:12-1202
JurisdictionNew Hampshire
Title XXXVBANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS
Ch. 383-CTRUST COMPANY ACT
SubdivisionARTICLE 12Qualified Trust Advisors
This text of New Hampshire § 383-C:12-1202 (Qualified Trust Advisor Powers) is published on Counsel Stack Legal Research, covering New Hampshire primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.H. Rev. Stat. Ann. § 383-C:12-1202 (2026).
Text
(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
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Legislative History
2015, 272:16, eff. Oct. 1, 2015.
Nearby Sections
15
§ 383-C:1-101
Short Title§ 383-C:1-102
Scope§ 383-C:1-103
Reservation of Power to Amend or Repeal§ 383-C:1-104
Commissioner§ 383-C:10-1001
Authority to Dissolve§ 383-C:10-1002
Voluntary Dissolution by Liquidation§ 383-C:10-1003
Voluntary Dissolution by Reorganization§ 383-C:10-1004
Application for Dissolution§ 383-C:10-1005
Commissioner Determination§ 383-C:10-1006
Completion of Plan of Dissolution§ 383-C:10-1007
Procedure; Effect; Recording Fee§ 383-C:11-1101
Engagement in Trust Business§ 383-C:11-1102
Trust Office§ 383-C:11-1103
Examination§ 383-C:11-1104
Filings With the Secretary of StateCite This Page — Counsel Stack
Bluebook (online)
New Hampshire § 383-C:12-1202, Counsel Stack Legal Research, https://law.counselstack.com/statute/nh/383-C/383-C%3A12-1202.