TITLE XXXV BANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS
CHAPTER 383-C TRUST COMPANY ACT
ARTICLE 8 Trust Company Changes
Section 383-C:8-801
383-C:8-801 Application for Change of Trust Company Business Plan or Capital Plan. –
(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 RSA 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 RSA 383-A:6-604, approves the proposed change.