New Hampshire § 383-D-10-1001 - Section 383-D:10-1001 Reports and Certification.

§ 383-D-10-1001. Section 383-D:10-1001 Reports and Certification.

(a) In addition to filing an annual report in accordance with RSA 383-A:5-510(a), a family trust company shall file with the commissioner an annual certification certifying that the family trust company is in compliance with: (1) the provisions of this chapter; and (2) the conditions and limitations of all exemptions granted by the commissioner under RSA 383-D:7-702. (b) In its annual certification, a family trust company may change its designated relative in accordance with RSA 383-D:10-1002. (c) A family trust company's annual certification is due on the same day as its annual report. (d) A family trust company shall file quarterly reports in accordance with RSA 383-A:5-510, and it shall file copies of other documents as required under RSA 383-A:5-511. (e) A family trust company shall, at the same time it files the annual report of condition pursuant to RSA 383-A:5-510, report to the commissioner the work address and other contact information where each executive officer of the family trust company conducts trust business and the residential address of all directors, which information shall be kept confidential by commissioner pursuant to RSA 383:10-b. (f) A family trust company shall have a continuing obligation to update the information reported pursuant to subsection (e) within 30 days of any change. (g) A family trust company failing to report the information required pursuant to subsections (e) and (f) within the prescribed time period shall pay to the commissioner a penalty of $50 for each day such a report is overdue.