New Hampshire Revised Statutes 23:22 – Professional Banking Assistance
Current as of: 2023 | Check for updates
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I. “Bank” as used in this section means a savings bank, national bank or trust company in this state, any building and loan association or cooperative bank, incorporated and doing business under the laws of this state or any federal savings and loan association located and doing business in this state.
II. Any trustee may hire or employ the trust department or departments of a bank or banks or assist in the management and investment of trust fund resources or to provide bookkeeping services in connection therewith or to do both. Trust fund records maintained by any bank must be available at all times for examination by independent accountants or auditors retained by a county, or by the auditors of the department of revenue administration; and such records shall be county records and property.
II. Any trustee may hire or employ the trust department or departments of a bank or banks or assist in the management and investment of trust fund resources or to provide bookkeeping services in connection therewith or to do both. Trust fund records maintained by any bank must be available at all times for examination by independent accountants or auditors retained by a county, or by the auditors of the department of revenue administration; and such records shall be county records and property.
Terms Used In New Hampshire Revised Statutes 23:22
- National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC
- state: when applied to different parts of the United States, may extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall include said district and territories. See New Hampshire Revised Statutes 21:4
- Trustee: A person or institution holding and administering property in trust.