New Hampshire Revised Statutes 228:85 – Unincorporated Utilities
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Terms Used In New Hampshire Revised Statutes 228:85
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- person: may extend and be applied to bodies corporate and politic as well as to individuals. See New Hampshire Revised Statutes 21:9
No unincorporated person or partnership acting as a common carrier by rail shall be required to apply to the department for authority to issue notes or bonds unless the same are to be secured by mortgage of property devoted to public use.