RSA 383-C:8-805 Disapproval.
Title: XXXV - BANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS
Chapter: 383-C - TRUST COMPANY ACT
(a) If the proposed change would adversely affect the safety and soundness of the trust company, then the commissioner may make a decision under RSA 383-A:6-604 to disapprove a proposed change to a capital plan or business plan, a proposed change of ownership of a trust company, or a proposed change of control of a trust company.
(b) In addition to the reasons for disapproval under subsection (a), the commissioner may make a decision under RSA 383-A:6-604 to disapprove a proposed change of ownership of a trust company or a proposed change of control of a trust company for any of the following reasons:
(1) The proposed change of ownership of the trust company or the proposed change of control of the trust company would violate any law, including any securities law of this