Section 394-B:26 Trusts. - New Hampshire Statutes

If shares are held or deposits made in trust the name and residence of the beneficiary shall be disclosed, and the account shall be kept in the name of such holder as trustee for such person. If no other notice of the existence and terms of such trust has been given in writing to the corporation such shares or deposits may, upon the death of the trustee, be transferred to or withdrawn by the person who was named by the trustee as the beneficiary, or by his legal representatives, and such transfer or withdrawal shall release the credit union from any liability to any other claimant upon such stock or deposit.

Source. 1983, 195:1, eff. Aug. 14, 1983.