There is a newer version of the New Hampshire Revised Statutes
2015 New Hampshire Revised Statutes
Title XLVIII - CONVEYANCES AND MORTGAGES OF REALTY
Chapter 479 - MORTGAGES OF REALTY
Section 479:5 - Present Agreement.
NH Rev Stat § 479:5 (2015) What's This?
479:5 Present Agreement. – A mortgage or deed of trust which purports to be given in whole or in part as security for notes or bonds thereafter to be issued or other expectant future obligations and which states the nature of the obligations designed to be secured by it, the amount thereof presently to be issued, if any, and the limitations, if any, contained in the mortgage or deed of trust or in a contract referred to in the mortgage or deed of trust with respect to the total or maximum amount thereof ultimately to be issued shall become a lawful security for the same as, when and to the extent that they shall actually be issued or come into existence as valid obligations of the mortgagor.
Source. 1917, 120:1. 1925, 98:1. PL 215:4. RL 261:4. 1953, 20:1, eff. Feb. 26, 1953.
Disclaimer: These codes may not be the most recent version. New Hampshire may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
