New Hampshire Revised Statutes 564-B:1-110 – Others Treated as Qualified Beneficiaries
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(a) A charitable organization expressly designated to receive distributions under the terms of a charitable trust has the rights of a qualified beneficiary under this chapter if the charitable organization, on the date the charitable organization’s qualification is being determined:
(1) is a distributee or permissible distributee of trust income or principal;
(2) would be a distributee or permissible distributee of trust income or principal upon the termination of the interests of the distributees then receiving or eligible to receive distributions; or
(3) would be a distributee or permissible distributee of trust income or principal if the trust terminated on that date.
(b) A person appointed to enforce a trust created for the care of an animal or another noncharitable purpose as provided in N.H. Rev. Stat. § 564-B:4-408 or N.H. Rev. Stat. § 564-B:4-409 has the rights of a qualified beneficiary under this chapter.
(c) The director of charitable trusts has the rights of a qualified beneficiary with respect to a charitable trust having its principal place of administration in this state if the charitable trust describes a charitable purpose but does not designate a specific charitable organization as a beneficiary for that charitable purpose and if trust income or principal, on the date the qualification is being determined:
(A) is distributable to carry out the charitable purpose;
(B) would be distributable to carry out the charitable purpose upon the termination of the interests of the distributees or permissible distributees then receiving or eligible to receive distributions; or
(C) would be distributable to carry out the charitable purpose if the trust terminated on that date.
(d) No provision of this chapter shall limit the authority of the director of charitable trusts to supervise and control charitable organizations.
(1) is a distributee or permissible distributee of trust income or principal;
Terms Used In New Hampshire Revised Statutes 564-B:1-110
- 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
- person: may extend and be applied to bodies corporate and politic as well as to individuals. See New Hampshire Revised Statutes 21:9
- 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
(2) would be a distributee or permissible distributee of trust income or principal upon the termination of the interests of the distributees then receiving or eligible to receive distributions; or
(3) would be a distributee or permissible distributee of trust income or principal if the trust terminated on that date.
(b) A person appointed to enforce a trust created for the care of an animal or another noncharitable purpose as provided in N.H. Rev. Stat. § 564-B:4-408 or N.H. Rev. Stat. § 564-B:4-409 has the rights of a qualified beneficiary under this chapter.
(c) The director of charitable trusts has the rights of a qualified beneficiary with respect to a charitable trust having its principal place of administration in this state if the charitable trust describes a charitable purpose but does not designate a specific charitable organization as a beneficiary for that charitable purpose and if trust income or principal, on the date the qualification is being determined:
(A) is distributable to carry out the charitable purpose;
(B) would be distributable to carry out the charitable purpose upon the termination of the interests of the distributees or permissible distributees then receiving or eligible to receive distributions; or
(C) would be distributable to carry out the charitable purpose if the trust terminated on that date.
(d) No provision of this chapter shall limit the authority of the director of charitable trusts to supervise and control charitable organizations.