New Hampshire § 383-D-7-702 - Section 383-D:7-702 Grant of Exemptions.
Full text of New Hampshire New Hampshire Revised Statutes Annotated § 383-D-7-702 — Section 383-D:7-702 Grant of Exemptions., with citation guidance and answers to common questions.
§ 383-D-7-702. Section 383-D:7-702 Grant of Exemptions.
(a) Subject to subsection (b), the commissioner may exempt a family trust company from any one or more requirements of RSA 383-A, RSA 383-C, and this chapter. (b) The commissioner shall not have the power to exempt a family trust company from any of the following requirements: (1) the qualifications of a family trust company under RSA 383-D:3-301; (2) the requirements for organization under article 5 of this chapter; (3) the requirement to maintain capital that equals or exceeds the minimum required capital under RSA 383-D:6-602; (4) the requirement to maintain an errors and omissions liability insurance policy under RSA 383-A:4-406; and (5) the prohibition against accepting deposits under RSA 383-C:3-302. (c) In the application under RSA 383-D:5-502, a family trust company's organizer may request one or more exemptions. After obtaining its certificate of authority to exercise trust powers, a family trust company may request one or more exemptions by filing with the commissioner an application for exemption. (d) The commissioner may grant or deny, in whole or in part, any requested exemption, and the commissioner may impose one or more reasonable conditions or limitations on any exemption that the commissioner grants.
Source: official New Hampshire text · Last verified 2026-08-27
Frequently Asked Questions About New Hampshire § 383-D-7-702
What does New Hampshire Revised Statutes Annotated § 383-D-7-702 cover?
Section 383-D-7-702 ("Section 383-D:7-702 Grant of Exemptions.") 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-7-702?
A common citation format is "New Hampshire Revised Statutes Annotated § 383-D-7-702" (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-7-702 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.