New Hampshire Revised Statutes 564-F:20-2007 – Other Claims Against Dissolved Foundation
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(a) A dissolved foundation may publish notice of its dissolution and request that persons with claims against the dissolved foundation present them in accordance with the notice.
(b) The notice shall be published one time in a newspaper of general circulation in:
(1) The county in which the dissolved foundation’s principal office in this state is located; or
(2) If the dissolved foundation does not have a principal office in this state, the county in which its registered office is located.
(c) The notice shall set forth:
(1) A description of the information that must be included in a claim;
(2) A mailing address where the claim may be sent; and
(3) A statement that a claim against the dissolved foundation will be barred unless a judicial proceeding to enforce the claim is commenced within three years after the publication of the notice.
(d) If a dissolved foundation publishes a newspaper notice in accordance with subsection (a), then a claimant’s claim against the dissolved foundation shall be barred unless:
(1) The claimant was entitled to receive notice under N.H. Rev. Stat. § 564-F:20-2006;
(2) The claimant commences a judicial proceeding to enforce the claim against the dissolved foundation within three years after the publication date of the newspaper notice; or
(3) The claim is contingent or based on an event occurring after the effective date of the foundation’s dissolution.
(e) A claim that is not barred by N.H. Rev. Stat. § 564-F:20-2006(d) or subsection (d) may be enforced against:
(1) To the extent of its undistributed assets, the dissolved foundation; or
(2) To the extent that a person has received a distribution in liquidation of the dissolved foundation and subject to subsection (f), the person who received the distribution.
(f) The total liability of a person against whom a claim is enforceable under subsection (e)(2) shall not exceed the lesser of:
(1) The person’s pro-rata share of the claim; and
(2) The total amount of property that the person received as distributions in liquidation of the dissolved foundation.
(b) The notice shall be published one time in a newspaper of general circulation in:
Terms Used In New Hampshire Revised Statutes 564-F:20-2007
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- person: may extend and be applied to bodies corporate and politic as well as to individuals. See New Hampshire Revised Statutes 21:9
- state: when applied to different parts of the United States, may extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall include said district and territories. See New Hampshire Revised Statutes 21:4
(1) The county in which the dissolved foundation’s principal office in this state is located; or
(2) If the dissolved foundation does not have a principal office in this state, the county in which its registered office is located.
(c) The notice shall set forth:
(1) A description of the information that must be included in a claim;
(2) A mailing address where the claim may be sent; and
(3) A statement that a claim against the dissolved foundation will be barred unless a judicial proceeding to enforce the claim is commenced within three years after the publication of the notice.
(d) If a dissolved foundation publishes a newspaper notice in accordance with subsection (a), then a claimant’s claim against the dissolved foundation shall be barred unless:
(1) The claimant was entitled to receive notice under N.H. Rev. Stat. § 564-F:20-2006;
(2) The claimant commences a judicial proceeding to enforce the claim against the dissolved foundation within three years after the publication date of the newspaper notice; or
(3) The claim is contingent or based on an event occurring after the effective date of the foundation’s dissolution.
(e) A claim that is not barred by N.H. Rev. Stat. § 564-F:20-2006(d) or subsection (d) may be enforced against:
(1) To the extent of its undistributed assets, the dissolved foundation; or
(2) To the extent that a person has received a distribution in liquidation of the dissolved foundation and subject to subsection (f), the person who received the distribution.
(f) The total liability of a person against whom a claim is enforceable under subsection (e)(2) shall not exceed the lesser of:
(1) The person’s pro-rata share of the claim; and
(2) The total amount of property that the person received as distributions in liquidation of the dissolved foundation.