New Hampshire § 383-C:7-702 Opening or Relocation of Trust Office

New Hampshire Statutes

§ 383-C:7-702 — Opening or Relocation of Trust Office

New Hampshire § 383-C:7-702

Title XXXVBANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS

Ch. 383-CTRUST COMPANY ACT

SubdivisionARTICLE 7Offices

This text of New Hampshire § 383-C:7-702 (Opening or Relocation of Trust Office) 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:7-702 (2026).

Text

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.

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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.