RSA 383-C:2-201 Definitions.

Title: XXXV - BANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS Chapter: 383-C - TRUST COMPANY ACT

(a) Each term defined under RSA 383-A shall have the same meaning for purposes of this chapter.
(b) For purposes of this chapter, the following definitions shall also apply:
(1) "Change of ownership of a trust company" means the acquisition through a single transaction or a series of related transactions of 10 percent or more of a trust company's equity. The acquirer or acquirers of trust company equity under a change of ownership of a trust company is or are referred to as a new owner or new owners.
(2) "Change of control of a trust company" means a single transaction or a series of related transactions that results in any of the following consequences: (i) a direct or indirect transfer of ownership of more than 50 percent of the issued and outstanding voting equi

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