New Hampshire Revised Statutes 202-A:14 – Compensation of Trustees
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Terms Used In New Hampshire Revised Statutes 202-A:14
- Bequest: Property gifted by will.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Public library: shall mean every library which receives regular financial support, at least annually, from public or private sources and which provides regular and currently useful library service to the public without charge. See New Hampshire Revised Statutes 202-A:2
- Trustee: A person or institution holding and administering property in trust.
No trustee of any public library shall receive any compensation for any services rendered as such trustee, unless compensation is stipulated in the terms of the bequest or gift establishing the library. Trustees may be reimbursed, however, for necessary travel expenses to attend professional meetings.