New Hampshire Revised Statutes 368:5 – Transfer of Interest
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Terms Used In New Hampshire Revised Statutes 368:5
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
Upon the election of new trustees, the interest of the former trustees shall be transferred to and vest in such new trustees; and the former trustees shall render and settle an account of their trust with such successors, and pay and transfer to them such mortgage estate and any balances in their hands; and, if a balance is due the retiring trustees, the assets of the trust shall be charged therewith.