US Lawyer Database

For Lawyer-Seekers

YOU DESERVE THE BEST LAWYER

Section 391:1 – Establishment of Common Trust Funds.

    391:1 Establishment of Common Trust Funds. – Any bank or trust company qualified to act as fiduciary in this state may establish common trust funds for the purpose of furnishing investments to itself as fiduciary, or to itself and others, as co-fiduciaries; and may, as such fiduciary or co-fiduciary, invest funds which it lawfully […]

Section 391:2 – Court Accountings.

    391:2 Court Accountings. – Unless ordered by a court of competent jurisdiction the bank or trust company operating such common trust funds is not required to render a court accounting with regard to such funds; but it may, by application to the probate court in the county in which the bank or trust company […]

Section 391:3 – Taxability.

[RSA 391:3 repealed by 2021, 91:99, VIII, effective January 1, 2027.]     391:3 Taxability. – A common trust fund shall not constitute a taxable entity within the meaning of RSA 77. Each estate having a participating interest in a common trust fund shall include in its return its proportionate share of any taxable income of […]

Section 391:4 – Uniformity of Interpretation.

    391:4 Uniformity of Interpretation. – This chapter shall be so interpreted and construed as to effectuate its general purpose to make uniform the law of those states which enact it. Source. 1953, 109:1, par. 4, eff. Apr. 17, 1953.

Section 391:5 – Short Title.

    391:5 Short Title. – This chapter may be cited as the Uniform Common Trust Fund Act. Source. 1953, 109:1, par. 5, eff. Apr. 17, 1953.

Section 391:6 – Severability.

    391:6 Severability. – If any provision of this chapter or the application thereof to any person or circumstances is held invalid, such invalidity shall not affect the other provisions or applications of the chapter which can be given effect without the invalid provision or application, and to this end the provisions of this chapter […]

Section 391:7 – Repeal.

    391:7 Repeal. – All acts or parts of acts which are inconsistent with the provisions of this chapter are hereby repealed. Source. 1953, 109:2, eff. Apr. 17, 1953.

Section 391:8 – Applicability.

    391:8 Applicability. – This chapter shall take effect April 17, 1953, and shall apply to fiduciary relationships then in existence or thereafter established. Source. 1953, 109:3, eff. Apr. 17, 1953.