New Hampshire Revised Statutes 11:1 – Custody and Administration
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Terms Used In New Hampshire Revised Statutes 11:1
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
- governing body: shall mean the board of selectmen in a town, the board of aldermen or council in a city or town with a town council, the school board in a school district or the village district commissioners in a village district, or when used to refer to unincorporated towns or unorganized places, or both, the county commissioners. See New Hampshire Revised Statutes 21:48
- governor and council: shall mean the governor with the advice and consent of the council. See New Hampshire Revised Statutes 21:31-a
- 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
All trust funds left to and accepted by the state shall be kept separate from any other funds and shall be administered by the board of trustees or other governing body having control of the activities to be benefited by the trust in accordance with the terms of the instrument creating the same and under the direction and supervision of the governor and council. The funds shall be in the custody of the state treasurer. At the request of the attorney general, the state treasurer may accept custody of funds to be held in escrow for actions in which the state is a party at interest.