New Hampshire Statutes
§ 295:8 — Taking Security
New Hampshire·Title XXVII CORPORATIONS, ASSOCIATIONS, AND PROPRIETORS OF COMMON LANDS·Ch. 295 GENERAL POWERS OF CORPORATIONS·Subdivision Meetings, Bylaws, Reports, Etc.
They may take mortgages or pledges or make attachments of any property to secure the payment of debts due to them, and may perfect a title thereto by proper legal proceedings; but they shall sell or dispose of any property so obtained, which they are not authorized to hold, within 5 years after the title is perfected.
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Legislative History
GS 133:7. GL 147:7. PS 148:9. PL 226:8. RL 275:8.
Nearby Sections
13
§ 295:1
Exceptions§ 295:10
Fees for Copies of Records, Etc§ 295:11
Reserved Power; Limitation§ 295:2
Inclusions§ 295:3
Powers§ 295:4
First Meeting§ 295:5
Bylaws§ 295:6
Contracts§ 295:7
Property§ 295:7-a
Bonds and Other Obligations§ 295:7-b
Power to Lease§ 295:8
Taking Security