{"data":{"id":"us-nh/rsa-374-12","jurisdiction":"us-nh","citation":"RSA 374:12","heading":"Declaring Dividends.","body":"No public utility shall declare or pay any dividend except out of net corporate income, and except after setting aside such depreciation reserve, if any, as it may carry in compliance with the provisions of RSA 374:10; provided, that this section shall not prevent the payment of dividends in any year out of any undistributed balance of such net corporate income previously accumulated.","path":["Title XXXIV: PUBLIC UTILITIES","Chapter 374: GENERAL REGULATIONS","Accounts and Dividends"],"source_url":"https://gc.nh.gov/rsa/html/XXXIV/374/374-12.htm","current_through":"2025 regular legislative session, or December 2025","vintage":"","retrieved_at":"2026-09-05T15:40:08Z","sha256":"3b9762c850c2acac9ca0bde48d03dc3191a1a2c5d68466e7a5386da53d02915a","source_id":"us-nh","stale":false,"prev":"us-nh/rsa-374-11","next":"us-nh/rsa-374-13"},"notice":"GroundRules: Original legal text. Not legal advice."}