MHHS · Business Corporations Act
Part 7 — Trust Indentures
81 Interpretation and application
(a) "event of default" means a n event specified in a trust
indenture on the occurrence of which
(i) a security interest constituted by the trust indenture
becomes enforceable, or
(ii) the principal, interest and other money payable under the
trust indenture become or may be declared to be payable
before maturity,
but the event is not an event of default until all conditions
prescribed by the trust indenture in connection with that
event for the giving of notice or the lapse of time or
otherwise have been satisfied;
(b) "trustee" means any person a ppointed as trustee under the
terms of a trust indenture to which a corporation is a party
and includes any successor trustee;
(c) "trust indenture" means any deed, indenture or other
instrument, including any supplement or amendment to it,
made by a corporation after its incorporation or continuance
RSA 2000
under this Act, under which the corporation issues debt
obligations and in which a person is appointed as trustee for
the holders of the debt obligations issued under it.
(2) This Part applies to a trust indenture only if the debt
obligations issued or to be issued under the trust indenture are part
of a distribution to the public.
RSA 2000 cB-9 s81;2016 c18 s1