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25 chapters · 434 sections in this title.
RSA 299:1 Franchises
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A corporation which may lawfully mortgage its property may also include its franchises in such mortgage.
RSA 299:2 After-Acquired Property
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Except as otherwise provided, corporate mortgage security for bonded or other indebtedness may include after-acquired property of the following classes: Real estate, franchises, fixtures, machinery and rolling stock.
RSA 299:3 Effect
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Such mortgage of after-acquired property shall not affect any builders' or other lien.
RSA 299:4 Foreclosure Sales; Franchises
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The foreclosure of a mortgage of any corporation organized under the laws of this state shall inure to the benefit of the holders of bonds, coupons and other claims secured thereby, and whenever the franchises of the corporation are included in the mortgage with power of sale and…
RSA 299:5 Conveyance by Trustee
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The trustee under such mortgage may, by auction sale, convey to said purchaser or to said new corporation all the right, title and interest under the mortgage and by virtue of the foreclosure thereof, and thereupon said trustees shall be discharged.
