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RSA 383-C:6-601 · Directors

Title: XXXV: BANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS
Chapter: 383-C · TRUST COMPANY ACT
Status: current
Official source linked: Yes

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383-C:6-601 Directors. –

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(a)

The board of directors of a trust company shall be composed of at least 5 directors. A director need not be a resident of New Hampshire or a citizen of the United States, unless otherwise required by the commissioner in consideration of the trust company's safety and soundness.

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(b)

Every new director shall submit to a background investigation and criminal history records check, to include submission of financial and other information in accordance with RSA 383-A:3-305(e). A trust company shall submit notice of any material change related to the background investigation and criminal history records check of any director or any new information related to the experience, ability, standing, competence, trustworthiness, and integrity of a director that could jeopardize the safe and sound operation of the trust company within 30 days of learning of such change. The cost of any examination or investigation of the background information and criminal history shall be paid by the trust company. Source. 2015, 272:16, eff. Oct. 1, 2015. 2021, 194:17, eff. Oct. 9, 2021.

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Source note

Source. 2015, 272:16, eff. Oct. 1, 2015. 2021, 194:17, eff. Oct. 9, 2021.

Source history

2015, 272:16, eff. Oct. 1, 2015
2021, 194:17, eff. Oct. 9, 2021

Related materials

Bill relationships

2026 HB1207 amend · effective 2027-07-01
e clerk, within 10 days after the vote is taken. 12 New Section; Banks and Banking; Loan Associations; Credit Unions; Trust Company Changes; Modification of Conditions. Amend RSA 383-C by inserting after section 8-807 the following new section: 383-C:8-808 Modification of Conditions. A trust company shall submit an application in accordance with RSA 383-A:6-602 to seek the prior consent of the co
2026 HB1207 amend · effective 2027-07-01
wnership of a trust company is or are referred to as a new owner or new owners. 18 Banks and Banking; Loan Associations; Credit Unions; Directors and Officers; Directors. Amend RSA 383-C:6-601(b) to read as follows: (b) Every new director shall submit to a background investigation [and criminal history records check], to include submission of financial and other information in accordance with RSA 383-A:3-
2026 HB1207-FN amend · effective 2027-07-01
e clerk, within 10 days after the vote is taken. 12 New Section; Banks and Banking; Loan Associations; Credit Unions; Trust Company Changes; Modification of Conditions. Amend RSA 383-C by inserting after section 8-807 the following new section: 383-C:8-808 Modification of Conditions. A trust company shall submit an application in accordance with RSA 383-A:6-602 to seek the prior consent of the co
2026 HB1207-FN amend · effective 2027-07-01
wnership of a trust company is or are referred to as a new owner or new owners. 18 Banks and Banking; Loan Associations; Credit Unions; Directors and Officers; Directors. Amend RSA 383-C:6-601(b) to read as follows: (b) Every new director shall submit to a background investigation [and criminal history records check], to include submission of financial and other information in accordance with RSA 383-A:3-