New Hampshire § 383-E-4-407 - Section 383-E:4-407 Investment Trust Shares.
Full text of New Hampshire New Hampshire Revised Statutes Annotated § 383-E-4-407 — Section 383-E:4-407 Investment Trust Shares., with citation guidance and answers to common questions.
§ 383-E-4-407. Section 383-E:4-407 Investment Trust Shares.
The following described shares or units are legal investments if listed on an exchange or authorized for sale in this state by the bureau of securities regulation of the secretary of state: (a) The shares of any management type investment company, either open-end or close-end, provided that: (1) If the company acts as its own investment manager it must have been in business for at least 5 years, have at least $50,000,000 of net assets and have paid dividends for at least 4 of the 5 years immediately preceding investment. (2) In the event that the company employs outside investment management then those investment managers must have a total of at least $100,000,000 under management and the fund must have been in business for at least 5 years, have net assets of $50,000,000 and have paid dividends for at least 4 of the 5 years immediately preceding investment. (b) The shares of any management type investment company that is a member of a group of 3 or more mutual funds under the same investment manager, provided that: (1) Such manager has at least $100,000,000 of assets under management, and (2) The Company has at least $10,000,000 of net assets. (c) Unit investment trusts with principal of at least $1,000,000, if authorized for sale in this state.
Source: official New Hampshire text · Last verified 2026-08-27
Frequently Asked Questions About New Hampshire § 383-E-4-407
What does New Hampshire Revised Statutes Annotated § 383-E-4-407 cover?
Section 383-E-4-407 ("Section 383-E:4-407 Investment Trust Shares.") is part of the New Hampshire Revised Statutes Annotated, the codified statutory law of New Hampshire. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Hampshire § 383-E-4-407?
A common citation format is "New Hampshire Revised Statutes Annotated § 383-E-4-407" (New Hampshire). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Hampshire law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Hampshire official source linked on this page or consult a licensed New Hampshire attorney.
How does New Hampshire § 383-E-4-407 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Hampshire can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Hampshire.