New Hampshire Statutes

§ 545-A:1 — Definitions

New Hampshire·Title LV PROCEEDINGS IN SPECIAL CASES·Ch. 545-A UNIFORM FRAUDULENT TRANSFER ACT

As used in this chapter: I. "Affiliate" means:

(a)A person who directly or indirectly owns, controls, or holds with power to vote, 20 percent or more of the outstanding voting securities of the debtor, other than a person who holds the securities:
(1)As a fiduciary or agent without sole discretionary power to vote the securities; or
(2)Solely to secure a debt, if the person has not exercised the power to vote;
(b)A corporation 20 percent or more of whose outstanding voting securities are directly or indirectly owned, controlled, or held with power to vote, by the debtor or a person who directly or indirectly owns, controls, or holds, with power to vote, 20 percent or more of the outstanding voting securities of the debtor, other than a person who holds the securities:
(1)As a fiduciar

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Legislative History

1987, 215:1, eff. Jan. 1, 1988.

Nearby Sections

12
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