Statutes > New Hampshire Statutes > TITLE XXVII — CORPORATIONS, ASSOCIATIONS, AND PROPRIETORS OF COMMON LANDS (Includes Chapters 292 - 303) > CHAPTER 293-B — TREATMENT OF NEW HAMPSHIRE INVESTMENT TRUSTS > Section 293-B:9 Existence of New Hampshire Investment Trust.

Section 293-B:9 Existence of New Hampshire Investment Trust.


   I. A New Hampshire investment trust shall exist as a separate legal entity.
   II. Except to the extent otherwise provided in the governing instrument of the New Hampshire investment trust, the New Hampshire investment trust shall have perpetual existence.
   III. Except to the extent otherwise provided in the governing instrument of a New Hampshire investment trust, the death, incapacity, dissolution, termination or bankruptcy of a beneficial owner shall not result in the termination or dissolution of a New Hampshire investment trust.

Source. 1991, 67:1, eff. May 9, 1991.