HB 1624 – AS INTRODUCED
2012 SESSION
01/09
HOUSE BILL 1624
AN ACT relative to the fiduciary capacity of persons collecting contributions for a nonprofit organization.
SPONSORS: Rep. Cusson-Cail, Hills 14; Rep. J. Gail Barry, Hills 16; Rep. Cohn, Merr 6
This bill declares that a person may collect contributions for a nonprofit organization without assuming a fiduciary capacity.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
12-2553
01/09
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Twelve
AN ACT relative to the fiduciary capacity of persons collecting contributions for a nonprofit organization.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Fiduciary Capacity. Amend RSA 7:28-e to read as follows:
7:28-e Fiduciary Capacity. Every person soliciting[, collecting,] or expending contributions for charitable purposes, and every officer, director, trustee, and employee of any such person concerned with the solicitation[, collection,] or expenditure of such contributions, shall be deemed to be a fiduciary and acting in a fiduciary capacity.
2 Effective Date. This act shall take effect 60 days after its passage.