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New Hampshire · Through 2025 regular legislative session, or December 2025

RSA 383-D:6-602: Required Capital.

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Where this section sits in the code
  1. Title XXXV: BANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS
  2. Chapter ARTICLE 6: Capital and Insurance

(a) The minimum required capital of a family trust company is $200,000. The commissioner may require a family trust company to maintain additional capital. From time to time, the commissioner may reduce or increase the amount of additional capital that a family trust company is required to maintain.

(b) After it obtains the authority to exercise trust powers, a family trust company shall maintain an amount of capital that equals or exceeds the required capital.

(c) A family trust company shall not make any distribution to the extent that, upon making the distribution, the family trust company's total capital would be less than the required capital.

(d) For purposes of subsection (c), "distribution" means a direct or indirect transfer of money or other property (except an equity interest in the family trust company) to or for the benefit of family trust company's equity owners in respect of any of equity interests in the family trust company.

(e) RSA 383-C:5-502(a) and (b) shall not apply to family trust companies.

Collected 2026-09-05T15:45:05Z. Source file · JSON

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