New Hampshire § 383:9-b New Hampshire Charitable Foundation Common Trust Funds

New Hampshire Statutes

§ 383:9-b — New Hampshire Charitable Foundation Common Trust Funds

New Hampshire § 383:9-b

Title XXXVBANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS

Ch. 383BANK COMMISSIONER

This text of New Hampshire § 383:9-b (New Hampshire Charitable Foundation Common Trust Funds) 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. § 383:9-b (2026).

Text

The commissioner shall also have general supervision of any public common trust fund created by the New Hampshire Charitable Foundation. He may examine into the condition and management of such public common trust funds when necessary in his judgment. Whenever he shall conduct such an examination, he shall charge and collect from the public common trust fund examined, the cost of such examination computed by multiplying the average daily rate of pay of all examining personnel employed in making such examination by the number of full man days devoted to the examination, but such charges for any fiscal year shall in no event exceed 1/2 of one percent of the net income for that fiscal year of such examined fund.

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The commissioner shall also have general supervision of any public common trust fund created by the New Hampshire Charitable Foundation. He may examine into the condition and management of such public common trust funds when necessary in his judgment. Whenever he shall conduct such an examination, he shall charge and collect from the public common trust fund examined, the cost of such examination computed by multiplying the average daily rate of pay of all examining personnel employed in making such examination by the number of full man days devoted to the examination, but such charges for any fiscal year shall in no event exceed 1/2 of one percent of the net income for that fiscal year of such examined fund.