{"data":{"id":"us-nh/rsa-383-c-12-1202","jurisdiction":"us-nh","citation":"RSA 383-C:12-1202","heading":"Qualified Trust Advisor Powers.","body":"(a) A qualified trust advisor that acts as a trust advisor or trust protector in this state, either by acting in such capacity from an office in this state or by acting in such capacity for a trust administered in this state, is not a bank and shall not be required to obtain a charter as a bank, so long as the qualified trust advisor exercises only limited-scope discretionary power as to each trust the qualified trust advisor serves as trust advisor or trust protector.\n(b) Except as provided under this article, a qualified trust advisor shall not engage in trust business or banking business. Before engaging in any banking business or trust business that is not permitted under this article, a qualified trust advisor shall obtain a charter as a bank.\n(c) Nothing in this article shall limit a registered advisor from serving as trust advisor or trust protector in this state.","path":["Title XXXV: BANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS","Chapter ARTICLE 12: Qualified Trust Advisors"],"source_url":"https://gc.nh.gov/rsa/html/XXXV/383-C/383-C-12-1202.htm","current_through":"2025 regular legislative session, or December 2025","vintage":"","retrieved_at":"2026-09-05T15:44:54Z","sha256":"0f70674a741f2ebd0a14314a180cf64230dc4afe7b3c69930cee8500a757a63e","source_id":"us-nh","stale":false,"prev":"us-nh/rsa-383-c-12-1201","next":"us-nh/rsa-383-c-13-1301"},"notice":"GroundRules: Original legal text. Not legal advice."}