Section 392:37 Real Estate. - New-hampshire Statutes

State Codes and Statutes

Statutes > New-hampshire > TITLEXXXV > CHAPTER392 > 392-37

Every such trust company may acquire and hold real estate for its own use, in whole or in part, but its investment in such real estate, exclusive of any real estate which may be taken in good faith for debt or held as collateral security, shall not exceed an amount equal to 50 percent of the sum of its capital and surplus, except with the approval of the commissioner.

Source. 1915, 109:22. PL 265:35. RL 313:35. RSA 392:37. 1965, 84:1, eff. July 10, 1965. 2006, 320:42, eff. Aug. 19, 2006.

State Codes and Statutes

Statutes > New-hampshire > TITLEXXXV > CHAPTER392 > 392-37

Every such trust company may acquire and hold real estate for its own use, in whole or in part, but its investment in such real estate, exclusive of any real estate which may be taken in good faith for debt or held as collateral security, shall not exceed an amount equal to 50 percent of the sum of its capital and surplus, except with the approval of the commissioner.

Source. 1915, 109:22. PL 265:35. RL 313:35. RSA 392:37. 1965, 84:1, eff. July 10, 1965. 2006, 320:42, eff. Aug. 19, 2006.

State Codes and Statutes

Back To Homepage

State Codes and Statutes

Statutes > New-hampshire > TITLEXXXV > CHAPTER392 > 392-37

Every such trust company may acquire and hold real estate for its own use, in whole or in part, but its investment in such real estate, exclusive of any real estate which may be taken in good faith for debt or held as collateral security, shall not exceed an amount equal to 50 percent of the sum of its capital and surplus, except with the approval of the commissioner.

Source. 1915, 109:22. PL 265:35. RL 313:35. RSA 392:37. 1965, 84:1, eff. July 10, 1965. 2006, 320:42, eff. Aug. 19, 2006.