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Nature of Beneficial Interests.

RSA 564-F:14-1401
in effect
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564-F:14-1401. Nature of Beneficial Interests. (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. Source. 2017, 257:47, eff. Oct. 1, 2017.
Source: New Hampshire General Court (gc.nh.gov)URL: https://gc.nh.gov/rsa/html/LVI/564-F/564-F-14-1401.htmFetched: 10/20/2026

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