N.H. Admin. Code § Rev 1502.02

Current through Register No. 50, December 12, 2024
Section Rev 1502.02 - Reporting The Sale Of The Railroad Company

The buyer of a railroad company's property or assets shall notify the department in writing, pursuant to RSA 82:10, IV, no later than 30 days subsequent to the sale or transfer of a railroad company's property or assets, and provide:

(a) Name of the buyer and any parent company;
(b) Buyer's taxpayer identification number;
(c) Buyer's address information;
(d) Buyer's contact information;
(e) The transfer's information for the property or assets including;
(1) The registry of deeds book and page for the recorded deed;
(2) The registry of deeds date of recording; and
(3) The signature date of the recorded deed;
(f) The percent and nature of property interest transferred; and
(g) The terms of the transaction including but not limited to;
(1) Name of seller;
(2) Sale price;
(3) Financing details; and
(4) Description of the conditions of the sale including, but not limited to:
a.Marketing exposure;
b.Relationship of parties; and
c.Any special circumstances relating to the transfer that do not adhere to the definition of an arm's length transaction.

N.H. Admin. Code § Rev 1502.02

#2823, eff 8-17-84, EXPIRED 8-17-90

New. #5334, eff 2-26-92; EXPIRED 2-26-98

New. #6731, eff 4-18-98, EXPIRES: 4-18-06; ss by #8652, eff 6-6-06

Amended byVolume XXXIV Number 37, Filed September 11, 2014, Proposed by #10662, Effective 8/27/2014, Expires8/27/2024 .