There is a newer version of the New Hampshire Revised Statutes
2015 New Hampshire Revised Statutes
Title XXXIV - PUBLIC UTILITIES
Chapter 374 - GENERAL REGULATIONS
Section 374:12 - Declaring Dividends.
NH Rev Stat § 374:12 (2015) What's This?
374:12 Declaring Dividends. – No public utility shall declare or pay any dividend except out of net corporate income, and except after setting aside such depreciation reserve, if any, as it may carry in compliance with the provisions of RSA 374:10; provided, that this section shall not prevent the payment of dividends in any year out of any undistributed balance of such net corporate income previously accumulated.
Source. 1913, 98:1. PL 240:11. RL 289:11.
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