New Hampshire § 383-C:8-805 Disapproval

New Hampshire Statutes

§ 383-C:8-805 — Disapproval

New Hampshire § 383-C:8-805

Title XXXVBANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS

Ch. 383-CTRUST COMPANY ACT

SubdivisionARTICLE 8Trust Company Changes

This text of New Hampshire § 383-C:8-805 (Disapproval) 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:8-805 (2026).

Text

(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 fin

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(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.