N.H. Admin. Code § Rev 1502.02 - Reporting the Sale of the Railroad Company

The buyer of a railroad company's property or assets shall notify the department in writing, pursuant to RSA 82:10, IV, no later than 30 days subsequent to the sale or transfer of a railroad company's property or assets, and provide:

(a) The name of the buyer and any parent company;

(b) Buyer's taxpayer identification number;

(c) Buyer's address information;

(d) Buyer's contact information;

(e) The transfer's information for the property or assets including;

(1) The registry of deeds book and page for the recorded deed;

(2) The registry of deeds date of recording; and

(3) The signature date of the recorded deed;

(f) The percent and nature of property interest transferred; and

(g) The terms of the transaction including but not limited to;

(1) Name of seller;

(2) Sale price;

(3) Financing details; and

(4) Description of the conditions of the sale including, but not limited to:

a. Marketing exposure;

b. Relationship of parties; and

c. Any special circumstances relating to the transfer that do not adhere to the definition of an arm's length transaction.

Notes

N.H. Admin. Code § Rev 1502.02

#2823, eff 8-17-84, EXPIRED 8-17-90

New. #5334, eff 2-26-92; EXPIRED 2-26-98

New. #6731, eff 4-18-98, EXPIRES: 4-18-06; ss by #8652, eff 6-6-06

Amended byVolume XXXIV Number 37, Filed September 11, 2014, Proposed by #10662, Effective 8/27/2014, Expires8/27/2024 . Amended by Number 24, Filed June 13, 2024, Proposed by #13977, Effective 5/23/2024, Expires 5/23/2034.