New Hampshire Revised Statutes 383-C:3-308 – Trust Company Capital Plan and Amendments to Capital Plan
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Terms Used In New Hampshire Revised Statutes 383-C:3-308
- 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 capital plan that specifies (i) the amount of the trust company’s capital, (ii) including its required capital, the quality, liquidity, and sources of the trust company’s capital, (iii) the proposed investment of the trust company’s capital and (iv) other information relevant to the capital of the trust company, including other information as may be prescribed by the commissioner. A trust company’s capital plan shall be such as will assure the safety and soundness of the trust company. A trust company’s board of directors also shall approve and adopt each amendment to the trust company’s capital plan. A trust company shall obtain the commissioner’s approval of any material amendment of its capital plan as provided in N.H. Rev. Stat. § 383-C:8-801.