Terms Used In New Hampshire Revised Statutes 383-C:3-307

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
A trust company’s board of directors shall adopt a business plan that specifies (i) the trust business and other business in which the trust company will engage, (ii) the trust company’s management and operation structures, including information technology, (iii) the trust company’s disaster recovery or contingency plan, and (iv) other information relevant to the governance, operation, equity ownership, and business of the trust company, including other information as may be prescribed by the commissioner. A trust company’s business plan shall be such as will assure the safety and soundness of the trust company. A trust company’s board of directors shall obtain the commissioner’s approval of any material amendment of its business plan as provided in N.H. Rev. Stat. § 383-C:8-801.