New Hampshire § 31:25-d Application of Prudent Investor Rule

New Hampshire Statutes

§ 31:25-d — Application of Prudent Investor Rule

New Hampshire·Title III TOWNS, CITIES, VILLAGE DISTRICTS, AND UNINCORPORATED PLACES·Ch. 31 POWERS AND DUTIES OF TOWNS·Subdivision Trust Funds

The trustees of trust funds may manage and invest such funds in accordance with the prudent investor rule under RSA 564-B:9-901-RSA 564-B:9-906 without regard to the investment limitations of RSA 31:25 and RSA 31:25-a, provided, however, the trustees of trust funds:

I.Notify the attorney general in writing of their decision to invest according to the prudent investor rule; and

II.Hire or employ the trust department of a bank or a brokerage firm to provide investment advice and assistance under RSA 31:38-a, III.

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The trustees of trust funds may manage and invest such funds in accordance with the prudent investor rule under RSA 564-B:9-901-RSA 564-B:9-906 without regard to the investment limitations of RSA 31:25 and RSA 31:25-a, provided, however, the trustees of trust funds:
I. Notify the attorney general in writing of their decision to invest according to the prudent investor rule; and
II. Hire or employ the trust department of a bank or a brokerage firm to provide investment advice and assistance under RSA 31:38-a, III.

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