N.H. Admin. Code § Rev 901.03

Current through Register No. 2, January 9, 2025

Section Rev 901.03 - A beneficial interest in which is not represented by transferable shares

A beneficial interest in which is not represented by transferable shares", as used in RSA 77:3, I(b), means an interest in an organization:

(a) Where the shares, equitable interests and all ownership rights are not transferable without obtaining prior member approval or causing a dissolution of the organization; and

(b) Which is not a:

(1) Business trust;

(2) Common law trust;

(3) Massachusetts trust;

(4) Real estate investment trust;

(5) Corporation;

(6) Joint stock company; or

(7) Homeowners or condominium association.

N.H. Admin. Code § Rev 901.03

#4557, eff 12-28-88; ss by #5947, eff 12-29-94; ss by #6321, eff 8-22-96; ss by #8137, eff 8-10-04; ss by #9658, eff 2-24-10; ss by #9843, eff 12-23-10 (see Revision Note at chapter heading for Rev 900); ss by #10211, eff 10-24-12

Renumbered by Rev 901.02 Volume XXXV Number 14, Filed April 9, 2015, Proposed by #10795, Effective 3/11/2015, Expires 3/11/2025.