New Hampshire Revised Statutes 564:16 – Authority to Mortgage, Etc
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Terms Used In New Hampshire Revised Statutes 564:16
- 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
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- petition: when used in connection with the equity jurisdiction of the superior court, and referring to a document filed with the court, shall mean complaint, and "petitioner" shall mean plaintiff. See New Hampshire Revised Statutes 21:51
- Trustee: A person or institution holding and administering property in trust.
The judge, upon petition of a trustee, may authorize a mortgage or a lease of the trust property, as provided in the case of guardians by RSA 462.