New Hampshire § 383-D-6-602 - Section 383-D:6-602 Required Capital.
Full text of New Hampshire New Hampshire Revised Statutes Annotated § 383-D-6-602 — Section 383-D:6-602 Required Capital., with citation guidance and answers to common questions.
§ 383-D-6-602. Section 383-D:6-602 Required Capital.
(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.
Source: official New Hampshire text · Last verified 2026-08-27
Frequently Asked Questions About New Hampshire § 383-D-6-602
What does New Hampshire Revised Statutes Annotated § 383-D-6-602 cover?
Section 383-D-6-602 ("Section 383-D:6-602 Required Capital.") 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-6-602?
A common citation format is "New Hampshire Revised Statutes Annotated § 383-D-6-602" (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-6-602 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.