This RSA section is an unofficial mirror, is not legal advice, and may be incomplete, outdated, or incorrectly processed.
RSA 383-C:9-901 · Appointment of Conservator
383-C:9-901 Appointment of Conservator. – If the commissioner determines that the business of any trust company is being conducted in an unsafe or unsound manner, then the commissioner may appoint a conservator for the trust company under RSA 396 who shall immediately take charge of the operation of the trust company for the purpose of correcting any unsafe or unsound condition or operation. After appointment, the conservator shall continue to serve under the direction of the commissioner for a period of time as the commissioner determines is reasonable and necessary or until relieved by order of the commissioner or of a court of competent jurisdiction. The conservator's salary, which shall be determined by the commissioner, and expenses shall be borne by the trust company under conservatorship. Except as provided in this section, a conservatorship of a trust company shall be governed by RSA 396. Source. 2015, 272:16, eff. Oct. 1, 2015. ARTICLE 10 Dissolution
Copy linkSource note
Source. 2015, 272:16, eff. Oct. 1, 2015. ARTICLE 10 Dissolution
Source history
- 2015, 272:16, eff. Oct. 1, 2015. ARTICLE 10 Dissolution
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-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