New Hampshire § 383-D:8-801 Board of Directors

New Hampshire Statutes

§ 383-D:8-801 — Board of Directors

New Hampshire § 383-D:8-801

Title XXXVBANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS

Ch. 383-DFAMILY TRUST COMPANY ACT

SubdivisionARTICLE 8Directors and Officers

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Bluebook

N.H. Rev. Stat. Ann. § 383-D:8-801 (2026).

Text

(a)A family trust company shall have a board of directors, and that board of directors must have not less than three members. A director need not be a resident of New Hampshire or a citizen of the United States, unless otherwise required by the commissioner in consideration of the family trust company's safety and soundness. RSA 383-C:6-601(a) shall not apply to family trust companies.

(b)Subject to any limitations set forth in its organizational documents, this chapter, and RSA 383-C, all of the family trust company's powers shall be exercised by or under the authority of the family trust company's board of directors.

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(a) A family trust company shall have a board of directors, and that board of directors must have not less than three members. A director need not be a resident of New Hampshire or a citizen of the United States, unless otherwise required by the commissioner in consideration of the family trust company's safety and soundness. RSA 383-C:6-601(a) shall not apply to family trust companies.
(b) Subject to any limitations set forth in its organizational documents, this chapter, and RSA 383-C, all of the family trust company's powers shall be exercised by or under the authority of the family trust company's board of directors.