Section 383-C:4-402 - Consideration of Safety and Soundness of Trust CompaniesThe commissioner shall consider the safety and soundness of a trust company and may make findings relative to a trust company's safety and soundness:
(i) when considering any application or notice submitted by a trust company or by any person proposing to be chartered as a trust company;(ii) when examining or investigating the trust company;(iii) when determining whether or not to initiate any proceeding or issue any no-objection letter, notice, determination;(iv) or order in respect of a trust company, its directors, or its officers, or otherwise as required by this chapter or as the commissioner determines in the commissioner's discretion.Added by 2015, 272:16, eff. 10/1/2015. 2015, 272:16, eff. Oct. 1, 2015.