New Hampshire Revised Statutes 295:7-a – Bonds and Other Obligations
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Terms Used In New Hampshire Revised Statutes 295:7-a
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
Every such corporation may incur liabilities, borrow money at such rates of interest as the corporation may determine, issue its notes, bonds and other obligations and refund the same and secure any of its obligations by mortgage or pledge of all or any of its property, franchises and income.