New Hampshire § 383-D-10-1005 - Section 383-D:10-1005 Exemption from Annual Audits.
Full text of New Hampshire New Hampshire Revised Statutes Annotated § 383-D-10-1005 — Section 383-D:10-1005 Exemption from Annual Audits., with citation guidance and answers to common questions.
§ 383-D-10-1005. Section 383-D:10-1005 Exemption from Annual Audits.
(a) A family trust company may apply for an exemption from RSA 383-A:5-509 by filing with the commissioner an application for exemption. (b) In accordance with RSA 383-A:6-604, the commissioner shall make a determination as to whether to grant to the family trust company an exemption from RSA 383-A:5-509. (c) In determining whether to grant an exemption from RSA 383-A:5-509, the commissioner shall consider whether: (1) The family trust company can maintain its safety and soundness without a financial audit; (2) The cost of a financial audit would be an undue financial burden on the family trust company; and (3) The family trust company has established and will maintain procedures that will ensure that its financial statements are accurate and complete. (d) The commissioner may revoke an exemption granted under this section if he or she determines that a financial audit is necessary to ensure that: (1) The family trust company maintains its safety and soundness; or (2) The family trust company's financial statements are accurate and complete.
Source: official New Hampshire text · Last verified 2026-08-27
Frequently Asked Questions About New Hampshire § 383-D-10-1005
What does New Hampshire Revised Statutes Annotated § 383-D-10-1005 cover?
Section 383-D-10-1005 ("Section 383-D:10-1005 Exemption from Annual Audits.") is part of the New Hampshire Revised Statutes Annotated, the codified statutory law of New Hampshire. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Hampshire § 383-D-10-1005?
A common citation format is "New Hampshire Revised Statutes Annotated § 383-D-10-1005" (New Hampshire). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Hampshire law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Hampshire official source linked on this page or consult a licensed New Hampshire attorney.
How does New Hampshire § 383-D-10-1005 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Hampshire can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Hampshire.