Section 391:3 Taxability. - New Hampshire Statutes

   A common trust fund shall not constitute a taxable entity within the meaning of RSA 77. Each estate having a participating interest in a common trust fund shall include in its return its proportionate share of any taxable income of the classes described in RSA 77:4, received by such common trust fund, whether or not such income is distributed by the common trust fund.

Source. 1953, 109:1, par. 3, eff. April 17, 1953.