This act eliminates the board of trust company incorporation, thereby empowering the bank commissioner to determine whether to approve a trust company’s formation. This act is effective July 4, 2013.

Text of HB 560

This act repeals the interest and dividends tax on nongrantor trusts. The repeal applies to taxable years ending on or after December 31, 2013.

Text of SB 326

This act changes the term “nondepository financial institutions” to “nondepository trust companies.” The act is effective July 28, 2012.

Text of SB 368

This act codifies the enforceability of no-contest provisions, establishes an opt-out provision for filing accounts by trustees of testamentary trusts, rejects the so-called benefit-of-the-beneficiaries rule, and creates limitation periods for claims against trust advisors and trust protectors.

Text of SB 50

This act codifies the laws governing family trust companies into a separate chapter of the state’s laws (specifically, Chapter 392-B of the New Hampshire Revised Statutes Annotated).

Text of SB 421