New Hampshire Revised Statutes 362:4-d – Hot Water Companies; When Public Utilities
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Terms Used In New Hampshire Revised Statutes 362:4-d
- 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.
- hot water: means water that has a temperature of no more than 200 degrees Fahrenheit that circulates in a district heating system under pressure of no more than 232 pounds per square inch. See New Hampshire Revised Statutes 362:4-d
- 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
- Trustee: A person or institution holding and administering property in trust.
The term “public utility” shall not include any corporation, company, association, joint stock association, partnership, or person, their lessee, trustee, or receiver appointed by any court, or assignee, by virtue of its being engaged in the manufacture, furnishing, or sale of hot water through a district energy system. In this section, “hot water” means water that has a temperature of no more than 200 degrees Fahrenheit that circulates in a district heating system under pressure of no more than 232 pounds per square inch.