New Hampshire Statutes
§ 383-D:12-1202 — Revocation of Authority to Conduct Trust Business
New Hampshire § 383-D:12-1202
JurisdictionNew Hampshire
Title XXXVBANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS
Ch. 383-DFAMILY TRUST COMPANY ACT
SubdivisionARTICLE 12Dissolution
This text of New Hampshire § 383-D:12-1202 (Revocation of Authority to Conduct Trust Business) 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-D:12-1202 (2026).
Text
(a)If the commissioner determines that a family trust company is or has engaged in any activity that jeopardizes its safety or soundness, then the commissioner may revoke the family trust company's authority to conduct trust business.
(b)The commissioner shall issue a notice to the family trust company following the revocation of its authority granting it an opportunity for a hearing in accordance with RSA 541-A. The family trust company may appeal the commissioner's decision under RSA 541.
(c)The revocation of a family trust company's authority to conduct trust business removes the family trust company as a trustee, trust advisor, or trust protector of each trust of which it is serving as a trustee, trust advisor, or trust protector.
(d)Within a reasonable time after the revocation of
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Legislative History
2015, 272:16, eff. Oct. 1, 2015.
Nearby Sections
15
§ 383-D:1-101
Short Title§ 383-D:1-102
Scope§ 383-D:1-103
Reservation of Power to Amend or Repeal§ 383-D:1-104
Commissioner§ 383-D:1-105
Confidential Information§ 383-D:10-1001
Reports and Certification§ 383-D:10-1002
Change of Designated Relative§ 383-D:10-1003
Change of Method of Determining Family Members§ 383-D:10-1004
Exemption From Public Hearings§ 383-D:10-1005
Exemption from Annual Audits§ 383-D:11-1101
Examination§ 383-D:11-1102
Repealed by 2017, 257:59, I, eff. Sept. 8, 2017 at 12:01 a.m§ 383-D:12-1201
Voluntary Dissolution§ 383-D:12-1202
Revocation of Authority to Conduct Trust Business§ 383-D:12-1203
Judicial DissolutionCite This Page — Counsel Stack
Bluebook (online)
New Hampshire § 383-D:12-1202, Counsel Stack Legal Research, https://law.counselstack.com/statute/nh/383-D/383-D%3A12-1202.