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Terms Used In New Hampshire Revised Statutes 48-B:5

  • 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
  • Municipality: shall mean any city or town in the state;
    II. See New Hampshire Revised Statutes 48-B:1
  • 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.
Each lease hereunder shall require that the lessee file with the clerk of the municipality, and amend as changes may occur, a statement under oath containing the names and addresses of the officers and directors, in the case of a corporation, and in the case of partnership or other voluntary association, the name and address of all persons having a financial interest in said lease. A copy of all leases granted by any municipality shall be kept on file and such leases shall be open to public inspection.