New Hampshire § 420-D-18 - Section 420-D:18 Dividends and Transfers.
Full text of New Hampshire New Hampshire Revised Statutes Annotated § 420-D-18 — Section 420-D:18 Dividends and Transfers., with citation guidance and answers to common questions.
§ 420-D-18. Section 420-D:18 Dividends and Transfers.
A provider shall obtain prior approval from the commissioner before declaring and distributing any dividends, if a for-profit entity, or, except as noted below, transferring any cash, dividends, or any other funds or assets of the provider to an affiliate of any entity. Notwithstanding this paragraph, if the provider has more than 80 percent occupancy of its independent living units, more than 100 days cash on hand, and the provider is otherwise in compliance with RSA 420-D and its material loan covenants, the provider shall not need commissioner approval for a transfer if the transfer is less than 10 percent of the provider's total assets for any consecutive 12-month period. A transfer of assets shall include a management or management-type fee that is not associated with providing goods and services by the affiliate. All management contracts between the provider and an affiliate shall be disclosed to the commissioner, and the commissioner shall have 30 days to object.
Source: official New Hampshire text · Last verified 2026-08-27
Frequently Asked Questions About New Hampshire § 420-D-18
What does New Hampshire Revised Statutes Annotated § 420-D-18 cover?
Section 420-D-18 ("Section 420-D:18 Dividends and Transfers.") 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 § 420-D-18?
A common citation format is "New Hampshire Revised Statutes Annotated § 420-D-18" (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 § 420-D-18 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.