TITLE XXXV BANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS
CHAPTER 383-C TRUST COMPANY ACT
ARTICLE 3 Trust Business
Section 383-C:3-307
383-C:3-307 Trust Company Business Plan; Amendments to Business Plan. –
A trust company's board of directors shall adopt a business plan that specifies (i) the trust business and other business in which the trust company will engage, (ii) the trust company's management and operation structures, including information technology, (iii) the trust company's disaster recovery or contingency plan, and (iv) other information relevant to the governance, operation, equity ownership, and business of the trust company, including other information as may be prescribed by the commissioner. A trust company's business plan shall be such as will assure the safety and soundness of the trust company. A trust company's board of directors shall obtain the commissioner's approval of any material amendment of its business plan as provided in RSA 383-C:8-801.