New Hampshire Revised Statutes 374-C:9 – Legal Investments
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Terms Used In New Hampshire Revised Statutes 374-C:9
- Bonds: means bonds of the bank issued pursuant to this chapter. See New Hampshire Revised Statutes 374-C:2
- Chapter: means this New Hampshire public utility bond financing chapter. See New Hampshire Revised Statutes 374-C:2
- Notes: means any notes of the bank issued pursuant to this chapter. See New Hampshire Revised Statutes 374-C:2
- Public utility: means any corporation, company, association, joint stock association, partnership or person within the state which owns, operates or manages any plant or equipment for the manufacture or furnishing of light, heat, power or water for the public, or in the generation, transmission or sale of energy ultimately sold to the public and which is regulated by the New Hampshire public utilities commission. See New Hampshire Revised Statutes 374-C:2
- state: when applied to different parts of the United States, may extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall include said district and territories. See New Hampshire Revised Statutes 21:4
To the extent that other securities of a public utility are legal investments under state law, the state and all public officers, and agencies thereof, public utilities, all banks, trust companies, savings banks and institutions, building and loan associations, savings and loan associations, investment companies, and other persons carrying on a banking business, all insurance companies, insurance associations and other persons carrying on an insurance business, and all executors, administrators, guardians, trustees and other fiduciaries may legally invest any sinking funds, moneys or other funds belonging to them or within their control in any bonds or notes issued pursuant to this chapter, and such bonds or notes shall be authorized security for any and all public deposits.