Establishment of Nondepository Trust for Multi-National Company

Verrill Dana served as special counsel to a multi-national firm in the chartering and licensing of a Maine nondepository trust company as the client’s wholly-owned subsidiary. Nondepository trust companies are highly regulated, and the matter involved a complex application process and close work with state regulatory authorities. Together, Verrill Dana and the client were able to efficiently establish and license the new nondepository trust company, as well as license the company for operations in the jurisdiction of its principal office.