New Hampshire § 383-C:6-603 Officers

New Hampshire Statutes

§ 383-C:6-603 — Officers

New Hampshire § 383-C:6-603

Title XXXVBANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS

Ch. 383-CTRUST COMPANY ACT

SubdivisionARTICLE 6Directors and Officers

This text of New Hampshire § 383-C:6-603 (Officers) 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:6-603 (2026).

Text

(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 otherw

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(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.