New Hampshire Revised Statutes 35-A:35 – Form of Investments
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In New Hampshire Revised Statutes 35-A:35
- Bank: means the New Hampshire municipal bond bank created and established by N. See New Hampshire Revised Statutes 35-A:3
- Bonds: means bonds of the bank issued pursuant to this chapter. See New Hampshire Revised Statutes 35-A:3
- Chapter: means this New Hampshire municipal bond bank law. See New Hampshire Revised Statutes 35-A:3
- Fully marketable form: means a municipal security duly executed and accompanied by an approving legal opinion of a bond counsel of recognized standing in the field of municipal law whose opinions have been and are accepted by purchasers of like municipal bonds, provided that the municipal security so executed need not be printed or lithographed nor be in more than one denomination. See New Hampshire Revised Statutes 35-A:3
- Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
- Municipal bond: means a bond or note or evidence of debt issued by a governmental unit and payable from either taxes, or from rates, charges or assessment, but shall not include any bond or note or evidence of debt issued by any other state or any public body or municipal corporation thereof. See New Hampshire Revised Statutes 35-A:3
All municipal bonds or other investments of moneys of the bank permitted or provided for under the chapter shall at all times be purchased and held in fully marketable form (subject to provision for any registration in the name of the bank). All municipal 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 municipal bond market, including approving bond opinion, 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 in the municipal bond market.