New Hampshire Revised Statutes 383-C:12-1202 – Qualified Trust Advisor Powers
Current as of: 2023 | Check for updates
|
Other versions
(a) A qualified trust advisor that acts as a trust advisor or trust protector in this state, either by acting in such capacity from an office in this state or by acting in such capacity for a trust administered in this state, is not a bank and shall not be required to obtain a charter as a bank, so long as the qualified trust advisor exercises only limited-scope discretionary power as to each trust the qualified trust advisor serves as trust advisor or trust protector.
(b) Except as provided under this article, a qualified trust advisor shall not engage in trust business or banking business. Before engaging in any banking business or trust business that is not permitted under this article, a qualified trust advisor shall obtain a charter as a bank.
(c) Nothing in this article shall limit a registered advisor from serving as trust advisor or trust protector in this state.
(b) Except as provided under this article, a qualified trust advisor shall not engage in trust business or banking business. Before engaging in any banking business or trust business that is not permitted under this article, a qualified trust advisor shall obtain a charter as a bank.
Terms Used In New Hampshire Revised Statutes 383-C:12-1202
- state: when applied to different parts of the United States, may extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall include said district and territories. See New Hampshire Revised Statutes 21:4
(c) Nothing in this article shall limit a registered advisor from serving as trust advisor or trust protector in this state.