This RSA section is an unofficial mirror, is not legal advice, and may be incomplete, outdated, or incorrectly processed.

RSA 31:27 · Collective Investments

Title: III: TOWNS, CITIES, VILLAGE DISTRICTS, AND UNINCORPORATED PLACES
Chapter: 31 · POWERS AND DUTIES OF TOWNS
Status: current
Official source linked: Yes

Official source Copy section link

31:27 Collective Investments. – Notwithstanding any statute or rule of law to the contrary, town and city trustees of trust funds may establish, maintain and operate one or more common trust funds, in which may be combined money and property belonging to the various trusts in their care, for the purpose of facilitating investments, providing diversification and obtaining reasonable income; provided however, that said common trust funds shall be limited to the investments authorized in RSA 31:25; provided further, that not more than $10,000, or more than 10 percent of the fund whichever is greater, of any town or city common trust funds shall be invested under RSA 31:25 in the obligations of any one corporation or organization, excepting deposits in any federally insured bank authorized to accept deposits under RSA 6:8, I and I-a, in credit unions in this state, or in obligations of the United States and of the state of New Hampshire and its subdivisions; or in participation units in the public deposit investment pool established pursuant to RSA 6:45, or in shares of open ended mutual funds selected by the trustees for investment under RSA 31:25, and provided further, that the participating contributory interests of said trusts are properly evidenced by appropriate bookkeeping entries showing on an annual basis the capital contribution of and the profits and income allocable to each trust. Source. 1951, 227:1, par. 31-a. RSA 31:27. 1959, 253:1. 1969, 447:3. 1992, 24:2, IV, eff. April 3, 1992. 1997, 181:3, eff. Aug. 16, 1997. 2001, 54:4, eff. Jan. 1, 2002. 2021, 65:10, eff. Aug. 3, 2021. 2023, 36:2, eff. July 16, 2023.

Copy link

Source note

Source. 1951, 227:1, par. 31-a. RSA 31:27. 1959, 253:1. 1969, 447:3. 1992, 24:2, IV, eff. April 3, 1992. 1997, 181:3, eff. Aug. 16, 1997. 2001, 54:4, eff. Jan. 1, 2002. 2021, 65:10, eff. Aug. 3, 2021. 2023, 36:2, eff. July 16, 2023.

Source history

1951, 227:1, par. 31-a. RSA 31:27
1959, 253:1
1969, 447:3
1992, 24:2, IV, eff. April 3, 1992
1997, 181:3, eff. Aug. 16, 1997
2001, 54:4, eff. Jan. 1, 2002
2021, 65:10, eff. Aug. 3, 2021
2023, 36:2, eff. July 16, 2023

Related materials

Bill relationships

2026 HB1359 amend
icipal association, including the New Hampshire Municipal Association, shall comply with RSA 31:8-b. 5 New Section; Recorded Vote on Membership in Municipal Associations. Amend RSA 31 by inserting after section 8-a the following new section: 31:8-b Recorded Vote on Membership in Municipal Associations. I. No city, town, village district, or school district shall appropriate or expend public funds
2026 HB1649 amend
es in General Court convened: 1 New Section; Towns, Cities, Village Districts, and Unincorporated Places; Powers and Duties of Towns; Prohibition on Certain Donations. Amend RSA 31 by inserting after section 9-d the following new section: 31:9-e Prohibition on Certain Donations. I. No city, town, village district, or unincorporated place shall appropriate or expend any taxpayer funds, whet
2026 HB1804 reference · effective 2028-01-01
ting financial, human resource, information technology, and other managerial and administrative functions related to the operation of the participating agencies as provided for in RSA 31, RSA 37, and RSA 194-C:4 as well as city charters adopted under RSA 49-C and town charters adopted under RSA 49-D. 9 Public Officers and Employees; New Hampshire Retirement System; General Conditions for Participati
2026 HB1804-FN reference · effective 2028-01-01
ting financial, human resource, information technology, and other managerial and administrative functions related to the operation of the participating agencies as provided for in RSA 31, RSA 37, and RSA 194-C:4 as well as city charters adopted under RSA 49-C and town charters adopted under RSA 49-D. 9 Public Officers and Employees; New Hampshire Retirement System; General Conditions for Participati
2025 HB2 amend
furnished by the commissioner and shall be accompanied by a fee of [$75] $128 per grade of each brand sold. 141:163 Agriculture; Horticulture and Animal Husbandry; Soil and Plant Additives; Registration. Amend RSA 431:27, I to read as follows: I. Each separately identified product shall be registered before being distributed in this state. The application for registration shall be submitted to the commissioner on a form furnis