New Hampshire Revised Statutes 299:1 – Franchises
Current as of: 2023 | Check for updates
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Terms Used In New Hampshire Revised Statutes 299:1
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
A corporation which may lawfully mortgage its property may also include its franchises in such mortgage.