New Hampshire Revised Statutes 358-O:2 – Definitions
Current as of: 2023 | Check for updates
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In this chapter:
I. “Anything of value,” “item of value” or “item” means any item or service with monetary value.
II. “Handling charge” means any charge, fee or sum of money which is paid by a consumer to receive a prize, gift or any item of value including, but not limited to, promotional fees, redemption fees, registration fees or delivery costs.
III. “Person” means any natural person, corporation, trust, partnership, association and any other legal entity.
I. “Anything of value,” “item of value” or “item” means any item or service with monetary value.
Terms Used In New Hampshire Revised Statutes 358-O:2
- 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.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- 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
II. “Handling charge” means any charge, fee or sum of money which is paid by a consumer to receive a prize, gift or any item of value including, but not limited to, promotional fees, redemption fees, registration fees or delivery costs.
III. “Person” means any natural person, corporation, trust, partnership, association and any other legal entity.