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1 New Paragraph; Corporations, Associations, and Proprietors of Common Lands; Treatments of New Hampshire Investment Trusts; Definitions. Amend RSA 293-B:2 by inserting after paragraph VIII the following new paragraph:
IX. "Housing investment trust" means a "charitable organization," as defined under RSA 7:21, II(b), that has at least 3 trustees who are natural persons and resident of this state, another charitable organization, a bank or credit union as defined in RSA 383-A:2-201, or a combination thereof. "Housing investment trusts" under this paragraph shall be exempt from fees requirements under RSA 293-A:1.22 and RSA 293-B:15.
2 Effective Date. This act shall take effect 60 days after its passage.
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1 New Paragraph; Corporations, Associations, and Proprietors of Common Lands; Treatments of New Hampshire Investment Trusts; Definitions. Amend RSA 293-B:2 by inserting after paragraph VIII the following new paragraph:
IX. "Housing investment trust" means a "charitable organization," as defined under RSA 7:21, II(b), that has at least 3 trustees who are natural persons and resident of this state, another charitable organization, a bank or credit union as defined in RSA 383-A:2-201, or a combination thereof. "Housing investment trusts" under this paragraph shall be exempt from fees requirements under RSA 293-A:1.22 and RSA 293-B:15.
2 Effective Date. This act shall take effect 60 days after its passage.