RSA 383-D:7-702 Grant of Exemptions.
Title: XXXV - BANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS
Chapter: 383-D - FAMILY TRUST COMPANY ACT
(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 38