BANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS
TRUST COMPANY ACT
Trust Company Changes
383-C:8-806 Internal Reorganization Not a Change in Ownership or Change in Control.
The acquisition or transfer of the equity or indirect ownership of a trust company between entities under common control that are affiliated with the trust company, so that, after giving effect to the acquisition or transfer, the ultimate, indirect ownership of the trust company remains the same, shall not be considered a change of ownership of the trust company or a change in control of the trust company for purposes of this chapter.
Source. 2015, 272:16, eff. Oct. 1, 2015.