RSA 383-C:5-503 Liquidation Pledge.

(a) To defray the costs of liquidation of a trust company by the commissioner under RSA 395, a trust company shall pledge to the commissioner cash or securities in accordance with this section. In the event of a liquidation of a trust company under RSA 395 and without regard to any priorities, preferences, or adverse claims, the commissioner may claim all or any amount of the cash or securities so pledged, as applicable, liquidate the claimed securities, and, as soon as practicable, utilize the cash claimed or received upon liquidation of pledged securities to defray the costs of the trust company liquidation. To satisfy the obligation of a trust company to provide liquidation pledge, the trust company's parent or affiliate may pledge cash or securities on behalf of the trust compan