New Hampshire Revised Statutes 195-F:20 – Form of Investments
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Terms Used In New Hampshire Revised Statutes 195-F:20
- Bank: means the New Hampshire municipal bond bank created and established by N. See New Hampshire Revised Statutes 195-F:3
- Bonds: means bonds of the bank issued pursuant to this chapter. See New Hampshire Revised Statutes 195-F:3
- Educational institution: means a public or other nonprofit institution situated within the state, which is either approved by the state board of education as a public academy under the standards pertaining to public high schools, and empowered to provide a program of education at the elementary or secondary level to students whose tuition costs are paid by the municipalities or the school districts in which the students reside, or any other institution which provides a program of education within the state which is preparatory for secondary, postsecondary, or higher education. See New Hampshire Revised Statutes 195-F:3
- Fully marketable form: means an educational institution bond duly executed and accompanied by such opinion of counsel and other documentation as is customary in the field of educational institution financing, provided that the educational institution bond so executed need not be printed or lithographed nor be in more than one denomination. See New Hampshire Revised Statutes 195-F:3
- Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
All educational institution bonds or other investments of moneys of the bank permitted or provided for under this chapter shall at all times be purchased and held in fully marketable form (subject to provisions for any registration in the name of the bank). All educational institution bonds at any time purchased, held or owned by the bank shall upon delivery to the bank be accompanied by all documentation customary in the field of educational institution financing, including opinion of counsel, certification and guaranty as to signatures, and certification as to absence of litigation and such other or further documentation as shall from time to time be required by the bank.