New Hampshire § 383-D:5-503 Review of Application

New Hampshire Statutes

§ 383-D:5-503 — Review of Application

New Hampshire § 383-D:5-503

Title XXXVBANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS

Ch. 383-DFAMILY TRUST COMPANY ACT

SubdivisionARTICLE 5Organization and Conversion

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Bluebook

N.H. Rev. Stat. Ann. § 383-D:5-503 (2026).

Text

(a)In considering whether to approve or deny an application for a family trust company charter, the commissioner shall consider the trust company's safety and soundness in accordance with RSA 383-D:3-302.

(b)During the course of his or her review of an application, the commissioner may propose that the organizer amend or supplement the application for purposes of ensuring that the family trust company meets the requirements of a family trust company under this chapter, RSA 383-A, and RSA 383-C and ensuring the family trust company's safety and soundness. The organizer may amend or supplement the application in accordance with the commissioner's proposal.

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(a) In considering whether to approve or deny an application for a family trust company charter, the commissioner shall consider the trust company's safety and soundness in accordance with RSA 383-D:3-302.
(b) During the course of his or her review of an application, the commissioner may propose that the organizer amend or supplement the application for purposes of ensuring that the family trust company meets the requirements of a family trust company under this chapter, RSA 383-A, and RSA 383-C and ensuring the family trust company's safety and soundness. The organizer may amend or supplement the application in accordance with the commissioner's proposal.