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HANAWAY v. STATE

No. 7321.

116 N.H. 124 (1976)

RICHARD J. HANAWAY & a. v. STATE OF NEW HAMPSHIRE & a.

Supreme Court of New Hampshire.

February 27, 1976.

Attorney(s) appearing for the Case

Vincent P. Dunn, by brief and orally, for the plaintiffs.

Warren B. Rudman, attorney general, and John S. Kitchen, assistant attorney general (Mr. Kitchen orally), for the State.

KENISON, C.J.

The plaintiffs appeal (RSA 384:1-a (Supp. 1975); RSA ch. 541) from the decision of the board of trust company incorporation denying their petition to form a trust company in Plymouth. The petition was filed on December 18, 1974, and was denied on July 31, 1975. Under RSA 392:8 I and II (Supp. 1975, Laws 1969, 408:1) the board must consider, among other factors, the capital structure and the earnings prospects of the proposed trust company. See

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