RSA 383-D:7-704 Effects of Transacting Business with the General Public.

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

(a) Any action by a family trust company in its capacity as a trustee or other fiduciary shall not be void or voidable solely by reason of the entity transacting business with the general public.
(b) To the extent that a family trust company transacts business with the general public, each of its directors and executive officers shall be personally, jointly, and severally liable for all liabilities created by transacting business with the general public, including any breach of a fiduciary duty to a member of the general public.
(c) The directors' and officers' liability under subsection (b) is in addition to any civil or criminal penalties imposed by this title or other applicable law.
(d) This section shall not limit the commissioner's enforcement powers under th

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