New Hampshire § 228:84 Capitalization of Franchises

New Hampshire Statutes

§ 228:84 — Capitalization of Franchises

New Hampshire § 228:84

Title XXTRANSPORTATION

Ch. 228ADMINISTRATION OF TRANSPORTATION LAWS

SubdivisionStocks and Other Securities of Common Carriers by Rail

This text of New Hampshire § 228:84 (Capitalization of Franchises) 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. § 228:84 (2026).

Text

The department shall have no power to authorize the capitalization, directly or indirectly, of any franchise to be a corporation, or of any franchise or any right to own, operate or enjoy any franchise whatever in excess of the amount (exclusive of any tax or annual charge) actually paid to the state or to a political subdivision thereof as a consideration for the grant of such franchise or right, all such franchises, rights and privileges being granted in the public interest only, and not justly subject to capitalization against the public.

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The department shall have no power to authorize the capitalization, directly or indirectly, of any franchise to be a corporation, or of any franchise or any right to own, operate or enjoy any franchise whatever in excess of the amount (exclusive of any tax or annual charge) actually paid to the state or to a political subdivision thereof as a consideration for the grant of such franchise or right, all such franchises, rights and privileges being granted in the public interest only, and not justly subject to capitalization against the public.