TITLE XXXV BANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS
CHAPTER 391 UNIFORM COMMON TRUST FUND ACT
Section 391:3
[RSA 391:3 repealed by 2021, 91:99, VIII, effective January 1, 2025.]
391:3 Taxability. –
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.