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Terms Used In New Hampshire Revised Statutes 367:47

  • Contract: A legal written agreement that becomes binding when signed.
  • 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.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
Nothing in this chapter shall impair the right which any railroad corporation has to unite with another corporation, or to become a party to a contract for the lease of a railroad.