RSA 304-C:21: Permitted Purposes.
Where this section sits in the code
- Title XXVIII: PARTNERSHIPS
- Chapter 304-C: LIMITED LIABILITY COMPANIES
- Limited Liability Companies-Basic Statutory Characteristics
I. A limited liability company may be organized under this act for any lawful purpose except carrying on the business of banking, the construction and maintenance of railroads, the business of making contracts for the payment of money at a fixed date or upon the happening of some contingency, or the business of a trust, surety, indemnity, or safe deposit company.
II. If, however, the commissioner of the department of transportation enters an order finding that it shall be in the public good and subject to such terms and conditions as he or she may prescribe in the public interest, a limited liability company may be formed under this act to acquire, maintain, and operate any existing line or railroad or street railway within this state.
Collected 2026-09-05T14:54:51Z. Source file · JSON