N.H. Admin. Code § Rev 903.06

Current through Register No. 50, December 12, 2024

Section Rev 903.06 - Sequence of Distributions

All actual distributions shall be presumed to be sequentially made from:

(a) The current year profit of the organization;

(b) The organization's accumulated profits; and

(c)The capital of the organization.

N.H. Admin. Code § Rev 903.06

#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