New Hampshire § 564-F:14-1401 Nature of Beneficial Interests

New Hampshire Statutes

§ 564-F:14-1401 — Nature of Beneficial Interests

New Hampshire § 564-F:14-1401

Title LVIPROBATE COURTS AND DECEDENTS' ESTATES

Ch. 564-FNEW HAMPSHIRE FOUNDATION ACT

SubdivisionARTICLE 14Beneficiaries

This text of New Hampshire § 564-F:14-1401 (Nature of Beneficial Interests) 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. § 564-F:14-1401 (2026).

Text

(a)Subject to subsection (b), a beneficiary's interest is a mere expectancy and is not a property interest or an enforceable right.

(b)A beneficiary's interest is a property interest to the extent that:

(1)The beneficiary has a currently exercisable power to appoint the foundation's property to himself, herself, or itself without the consent of any other person; or

(2)The directors have failed to make a distribution to the beneficiary in accordance with a provision of the governing documents requiring the directors to make that distribution.

(c)For the purposes of determining a beneficiary's interest, the founder's intent as expressed in the terms of the governing documents shall be paramount.

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(a) Subject to subsection (b), a beneficiary's interest is a mere expectancy and is not a property interest or an enforceable right.
(b) A beneficiary's interest is a property interest to the extent that:
(1) The beneficiary has a currently exercisable power to appoint the foundation's property to himself, herself, or itself without the consent of any other person; or
(2) The directors have failed to make a distribution to the beneficiary in accordance with a provision of the governing documents requiring the directors to make that distribution.
(c) For the purposes of determining a beneficiary's interest, the founder's intent as expressed in the terms of the governing documents shall be paramount.

Legislative History

2017, 257:47, eff. Oct. 1, 2017.

Nearby Sections

15

§ 564-F:1-101

Short Title

§ 564-F:1-102

Scope

§ 564-F:1-103

Reservation of Power to Amend or Repeal

§ 564-F:10-1001

§ 564-F:10-1002

§ 564-F:10-1003

§ 564-F:10-1004

§ 564-F:10-1005

§ 564-F:10-1006

§ 564-F:10-1007

§ 564-F:10-1008

§ 564-F:10-1009

§ 564-F:10-1010

§ 564-F:10-1011

§ 564-F:10-1012

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Bluebook (online)

New Hampshire § 564-F:14-1401, Counsel Stack Legal Research, https://law.counselstack.com/statute/nh/564-F/564-F%3A14-1401.