Trust Fund RSAs
The New Hampshire laws governing trust funds and capital reserve funds are found throughout various Revised Statutes Annotated (RSAs). Here are a few of the relevant RSAs as of February 2025, a “Municipal Trustees: Summary of Laws and FAQS”, and a Handbook for Trustees of Trust Funds, Cemetery Trustees, Library Trustees 2017, both by the NH Department of Justice (DOJ) Charitable Trusts Unit (CTU).
RSA 7:21 Definition of a Charitable Trust
RSA 7:28-e Fiduciary Capacity
RSA 31:19. Trust Funds
RSA 31:19-a. Expendable Trust Funds
RSA 31:20 For Cemeteries
RSA 31:21 Funds of Cemetery Associations, Etc.
RSA 31:22. Trustees
RSA 31:24. Trustee Expenses
RSA 31:25. Custody; Investment (of Trust Funds)
RSA 31:25-b Prudent Investment Defined (Prudent Man Rule)
RSA 31:25-c Report to the Attorney General
RSA 31:25-d Prudent Investor Rule
RSA 31:27 Collective Investments
RSA 31:28 Exception to RSA 31:27
RSA 31:29 Contributions and Withdrawals
RSA 31:31 Trust Funds for Districts
RSA 31:32 Expenditures
RSA 31:33 Audit and Publication of Reports of Trustees
RSA 31:34. Trust Fund Records
RSA 31:35 Compensation of Bookkeeper
RSA 31:37 Payment by Towns
RSA 31:38 Reports
RSA 31:38-a Professional Banking and Brokerage Assistance
RSA 31:39-a Conflict of Interest Ordinances
RSA 32 Municipal Budget Law
RSA 33:8 Municipal Finance Act
RSA 35:1-18 Capital Reserve Funds (Towns) [especially 35:1, 1-b, 1-c, 35:2, 35:3, 35:15-18, and
35:16-a.]
RSA 35:9 Investment (of Capital Reserve Funds)
RSA 35:9-a Professional Banking or Brokerage Assistance
RSA 41:6 Surety Bond Required for Trustees
RSA 91-A Access to Public Records and Meetings
RSA 198:20-c Trust Funds Created for Specific Purposes (School Money)
RSA 202-A:11 Public Libraries Trusties Powers and Duties re: Trust Funds
RSA 202-A:22 Custody and Control of (Library) Trust Funds
RSA 202-A:23 Exceptions (Public Library Trustees’ Trust Funds)
RSA 289:7 Cemetery Trustees Powers and Duties and Trustees of Trust Funds
RSA 289:9 Cemetery Trustees Use of Trust Funds
RSA 498:4 Deviation from Terms of Trust
RSA 498:4-a Cy Pres Doctrine (Modifying Trusts)
RSA 547:3-d Cy Pres Doctrine (Modifying Trusts)
RSA 564-B:1-111 Nonjudicial Settlement Agreements
RSA 564-B:9-901 Prudent Investor Rule.
RSA 564-B:9-902 Standard of Care; Portfolio Strategy; Risk and Return Objectives.
RSA 564-B:9-903 Diversification.
RSA 564-B:9-904 Duties at Inception of Trusteeship.
RSA 564-B:9-905 Reviewing Compliance.
RSA 564-B:9-906 Language Invoking Standard of Article.
RSA 564-B:9-907 Governing Law.
Additional information can be found on the NH DOJ Charitable Trust Unit webpage.
