New Hampshire Statutes
§ 31:25-b — Prudent Investment Defined
New Hampshire·Title III TOWNS, CITIES, VILLAGE DISTRICTS, AND UNINCORPORATED PLACES·Ch. 31 POWERS AND DUTIES OF TOWNS·Subdivision Trust Funds
For purposes of RSA 31:25-a, a prudent investment is one which a prudent man would purchase for his own investment having primarily in view the preservation of the principal and the amount and regularity of the income to be derived therefrom.
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Legislative History
1983, 118:1, eff. May 25, 1983.
Nearby Sections
5
§ 31:25
Custody; Investment§ 31:25-a
Retention of Nonlegal Securities§ 31:25-b
Prudent Investment Defined§ 31:25-c
Report to the Attorney General§ 31:25-d
Application of Prudent Investor Rule