New Hampshire Revised Statutes 167:29 – Assignment of Property
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Terms Used In New Hampshire Revised Statutes 167:29
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Continuance: Putting off of a hearing ot trial until a later time.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Lien: A claim against real or personal property in satisfaction of a debt.
- person: may extend and be applied to bodies corporate and politic as well as to individuals. See New Hampshire Revised Statutes 21:9
- Prosecute: To charge someone with a crime. A prosecutor tries a criminal case on behalf of the government.
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
If the commissioner of the department of health and human services shall deem it necessary he may require as a condition to the grant or continuance of old age assistance or aid to the permanently and totally disabled in any case that all or any part of the property of a person applying for such aid be transferred to the commissioner of the department of health and human services in trust as follows: Such property shall be managed by said commissioner of health and human services and the net income thereof shall be paid to such person; said commissioner of health and human services shall have the power to sell, lease, or transfer such property or defend or prosecute all suits concerning it and to pay all just claims against it and to do all things necessary for the protection, preservation, and management thereof. If the old age assistance or aid to the permanently and totally disabled of such person is discontinued during his lifetime, the property thus transferred shall be returned to him subject to a lien on such property for any sums paid to him as old age assistance or aid to the permanently and totally disabled under this chapter or RSA 161, or the remainder of such property after deducting therefrom the sums paid to him as such assistance shall be returned to him. In the event of his death, the remainder of such property, after deducting therefrom the sums paid him as old age assistance or aid to the permanently and totally disabled under this chapter or RSA 161, shall be considered as the property of the estate of the beneficiary for administrative proceedings. The commissioner of health and human services shall execute and deliver all necessary instruments to give effect to this section.