Revision: Dec. 18, 2015, midnight
\t \t\tSB 363 - AS INTRODUCED
2016 SESSION
\t16-2778
\t10/05
SENATE BILL\t363
AN ACT\trelative to the registration of an OHRV in the name of a trust.
SPONSORS:\tSen. Birdsell, Dist 19; Sen. Stiles, Dist 24; Sen. Boutin, Dist 16; Rep. Weyler, Rock. 13; Rep. Webb, Rock. 6; Rep. Chirichiello, Rock. 6; Rep. Potucek, Rock. 6
COMMITTEE:\tTransportation
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ANALYSIS
\tThis bill allows for the registration of an OHRV to be in the name of a trust.
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Explanation:\tMatter added to current law appears in bold italics.
\t\tMatter removed from current law appears [in brackets and struckthrough.]
\t\tMatter which is either (a) all new or (b) repealed and reenacted appears in regular type.
\t16-2778
\t10/05
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Sixteen
AN ACT\trelative to the registration of an OHRV in the name of a trust.
Be it Enacted by the Senate and House of Representatives in General Court convened:
\t1 New Section; Off Highway Recreational Vehicles; Registration; Trusts. Amend RSA 215-A by inserting after section 21-a the following new section:
\t215-A:21-b Registration of OHRV in Name of a Trust. The registration of an OHRV under this chapter by an owner may be held in the name of a trust established by or for the benefit of the owner of the ORHV, which shall include those who have placed the ownership of the OHRV in a grantor/revocable trust or who have equitable title or the beneficial interest for life in the OHRV. The executive director shall establish in rules the documentation required for an OHRV held in trust to be registered under this chapter.
\t2 Effective Date. This act shall take effect 60 days after its passage.