New Hampshire Revised Statutes 383-C:8-801 – Application for Change of Trust Company Business Plan or Capital Plan
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(a) Before the effective date of any material, proposed change to the business plan or the capital plan of a trust company, the trust company shall file an application with the commissioner describing the material, proposed amendment to its business plan or capital plan as required under N.H. Rev. Stat. § 383-A:6-602 and this section.
(b) The application concerning a material, proposed change of business plan or capital plan of a trust company shall include the following information:
(1) The terms and conditions of each material, proposed change to the business plan or the capital plan of the trust company and the proposed effective date of the change.
(2) A description of any impact of the each material, proposed change to the business plan or to the capital plan of the trust company on the trust company’s safety and soundness.
(c) No material, proposed change to the business plan or the capital plan of a trust company shall be effective until the commissioner, acting under N.H. Rev. Stat. § 383-A:6-604, approves the proposed change.
(b) The application concerning a material, proposed change of business plan or capital plan of a trust company shall include the following information:
Terms Used In New Hampshire Revised Statutes 383-C:8-801
- 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.
- following: when used by way of reference to any section of these laws, shall mean the section next preceding or following that in which such reference is made, unless some other is expressly designated. See New Hampshire Revised Statutes 21:13
(1) The terms and conditions of each material, proposed change to the business plan or the capital plan of the trust company and the proposed effective date of the change.
(2) A description of any impact of the each material, proposed change to the business plan or to the capital plan of the trust company on the trust company’s safety and soundness.
(c) No material, proposed change to the business plan or the capital plan of a trust company shall be effective until the commissioner, acting under N.H. Rev. Stat. § 383-A:6-604, approves the proposed change.