New Hampshire Revised Statutes 471-C:11 – Property of Business Associations Held in Course of Dissolution
Current as of: 2023 | Check for updates
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Terms Used In New Hampshire Revised Statutes 471-C:11
- Business association: means a non-public corporation, joint stock company, investment company, business trust, partnership, or association for business purposes of 2 or more individuals, whether or not for profit, including a banking organization, financial organization, insurance company, or utility. See New Hampshire Revised Statutes 471-C:1
- Owner: means a depositor in the case of a deposit, a beneficiary in case of a trust other than a deposit in trust, a creditor, claimant, or payee in the case of other intangible property, or a person having a legal or equitable interest in property subject to this chapter or his legal representative. See New Hampshire Revised Statutes 471-C:1
Intangible property distributable in the course of a dissolution of a business association which remains unclaimed by the owner for more than one year after the date specified for final distribution is presumed abandoned.