New Hampshire § 228:81 Depreciation

New Hampshire Statutes

§ 228:81 — Depreciation

New Hampshire § 228:81

Title XXTRANSPORTATION

Ch. 228ADMINISTRATION OF TRANSPORTATION LAWS

SubdivisionStocks and Other Securities of Common Carriers by Rail

This text of New Hampshire § 228:81 (Depreciation) is published on Counsel Stack Legal Research, covering New Hampshire primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.H. Rev. Stat. Ann. § 228:81 (2026).

Text

Upon any application for authority to issue securities for the purpose of providing funds for discharging any indebtedness incurred by a common carrier by rail in good faith prior to July 1, 1914, in acquiring property, or for other lawful corporate purpose, no deduction shall be made from the cost thereof, as determined by the department, on account of any estimated depreciation of plant and properties beyond the portion, if any, of such cost which it may appear has been paid out of the depreciation reserve of said common carrier by rail, if any, or out of earnings, to make good depreciation.

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Upon any application for authority to issue securities for the purpose of providing funds for discharging any indebtedness incurred by a common carrier by rail in good faith prior to July 1, 1914, in acquiring property, or for other lawful corporate purpose, no deduction shall be made from the cost thereof, as determined by the department, on account of any estimated depreciation of plant and properties beyond the portion, if any, of such cost which it may appear has been paid out of the depreciation reserve of said common carrier by rail, if any, or out of earnings, to make good depreciation.