New Hampshire Statutes
Table of Contents
CHAPTER 293-A: NEW HAMPSHIRE BUSINESS CORPORATION ACT
A. Short Title and Reservation of Power
Section: 293-A:1.01 Short Title.
Section: 293-A:1.02 Reservation of Power to Amend or Repeal.
B. Filing Documents
Section: 293-A:1.20 Requirements for Documents; Extrinsic Facts.
Section: 293-A:1.21 Forms.
Section: 293-A:1.21-a Online Filing.
Section: 293-A:1.22 Filing, Service, and Copying Fees.
Section: 293-A:1.23 Effective Time and Date of Document.
Section: 293-A:1.24 Correcting Filed Document.
Section: 293-A:1.25 Filing Duty of Secretary of State.
Section: 293-A:1.26 Appeal From Secretary of State's Refusal to File Document.
Section: 293-A:1.27 Evidentiary Effect of Copy of Filed Document.
Section: 293-A:1.28 Certificate of Existence.
Section: 293-A:1.29 Penalty for Signing False Document.
C. Secretary of State
Section: 293-A:1.30 Powers.
Section: 293-A:1.31 to 293-A:1.34 Repealed.
Section: 293-A:1.35 Assessment and Collection of Annual Fees.
Section: 293-A:1.36 Penalties Imposed.
Section: 293-A:1.37 Administration.
Section: 293-A:1.38 Interrogatories by Secretary of State, Penalties.
D. Definitions
Section: 293-A:1.40 Act Definitions.
Section: 293-A:1.41 Notices and Other Communications.
Section: 293-A:1.42 Number of Shareholders.
Section: 293-A:1.43 Qualified Director.
Section: 293-A:1.44 Householding.
Part Incorporation
Section: 293-A:2.01 Incorporators.
Section: 293-A:2.02 Articles of Incorporation.
Section: 293-A:2.03 Incorporation.
Section: 293-A:2.04 Liability for Preincorporation Transactions.
Section: 293-A:2.05 Organization of Corporation.
Section: 293-A:2.06 Bylaws.
Section: 293-A:2.07 Emergency Bylaws.
Part Purposes and Powers of Corporations
Section: 293-A:3.01 Purposes.
Section: 293-A:3.02 General Powers.
Section: 293-A:3.03 Emergency Powers.
Section: 293-A:3.04 Ultra Vires.
Section: 293-A:3.05 Trust Powers.
Part Name
Section: 293-A:4.01 Corporate Name.
Section: 293-A:4.02 Reserved Name.
Section: 293-A:4.03 Registered Name.
Part Office and Agent
Section: 293-A:5.01 Registered Office and Registered Agent.
Section: 293-A:5.02 Change of Registered Office or Registered Agent.
Section: 293-A:5.03 Resignation of Registered Agent.
Section: 293-A:5.04 Service on Corporation.
A. Shares
Section: 293-A:6.01 Authorized Shares.
Section: 293-A:6.02 Terms of Class or Series Determined by Board of Directors.
Section: 293-A:6.03 Issued and Outstanding Shares.
Section: 293-A:6.04 Fractional Shares.
B. Issuance of Shares
Section: 293-A:6.20 Subscription for Shares Before Incorporation.
Section: 293-A:6.21 Issuance of Shares.
Section: 293-A:6.22 Liability of Shareholders.
Section: 293-A:6.23 Share Dividends.
Section: 293-A:6.24 Share Options.
Section: 293-A:6.25 Form and Content of Certificates.
Section: 293-A:6.26 Shares Without Certificates.
Section: 293-A:6.27 Restriction on Transfer of Shares and Other Securities.
Section: 293-A:6.28 Expense of Issue.
C. Subsequent Acquisition of Shares by Shareholders and Corporation
Section: 293-A:6.30 Shareholders' Preemptive Rights.
Section: 293-A:6.31 Corporation's Acquisition of Its Own Shares.
D. Distributions
Section: 293-A:6.40 Distributions to Shareholders.
A. Meetings
Section: 293-A:7.01 Annual Meeting.
Section: 293-A:7.02 Special Meeting.
Section: 293-A:7.03 Court-Ordered Meeting.
Section: 293-A:7.04 Action Without Meeting.
Section: 293-A:7.05 Notice of Meeting.
Section: 293-A:7.06 Waiver of Notice.
Section: 293-A:7.07 Record Date.
Section: 293-A:7.08 Conduct of the Meeting.
Section: 293-A:7.09 Remote Participation in Annual and Special Meetings.
B. Voting
Section: 293-A:7.20 Shareholders' List for Meeting.
Section: 293-A:7.21 Voting Entitlement of Shares.
Section: 293-A:7.22 Proxies.
Section: 293-A:7.23 Shares Held by Nominees.
Section: 293-A:7.24 Corporation's Acceptance of Votes.
Section: 293-A:7.25 Quorum and Voting Requirements for Voting Groups.
Section: 293-A:7.26 Action by Single and Multiple Voting Groups.
Section: 293-A:7.27 Greater Quorum or Voting Requirements.
Section: 293-A:7.28 Voting for Directors; Cumulative Voting.
C. Voting Trusts and Agreements
Section: 293-A:7.30 Voting Trusts.
Section: 293-A:7.31 Voting Agreements.
Section: 293-A:7.32 Shareholder Agreements.
D. Derivative Proceedings
Section: 293-A:7.40 Definitions.
Section: 293-A:7.41 Standing.
Section: 293-A:7.42 Demand.
Section: 293-A:7.43 Stay of Proceedings.
Section: 293-A:7.44 Dismissal.
Section: 293-A:7.45 Discontinuance or Settlement.
Section: 293-A:7.46 Payment of Expenses.
Section: 293-A:7.47 Applicability to Foreign Corporations.
Section: 293-A:7.48 Shareholder Action to Appoint Custodian or Receiver.
A. Board of Directors
Section: 293-A:8.01 Requirement for and Functions of Board of Directors.
Section: 293-A:8.02 Qualifications of Directors.
Section: 293-A:8.03 Number and Election of Directors.
Section: 293-A:8.04 Election of Directors by Certain Classes of Shareholders.
Section: 293-A:8.05 Terms of Directors Generally.
Section: 293-A:8.06 Staggered Terms for Directors.
Section: 293-A:8.07 Resignation of Directors.
Section: 293-A:8.08 Removal of Directors by Shareholders.
Section: 293-A:8.09 Removal of Directors by Judicial Proceeding.
Section: 293-A:8.10 Vacancy on Board.
Section: 293-A:8.11 Compensation of Directors.
B. Meetings and Action of the Board
Section: 293-A:8.20 Meetings.
Section: 293-A:8.21 Action Without Meeting.
Section: 293-A:8.22 Notice of Meeting.
Section: 293-A:8.23 Waiver of Notice.
Section: 293-A:8.24 Quorum and Voting.
Section: 293-A:8.25 Committees.
Section: 293-A:8.26 Submission of Matters for Shareholder Vote.
C. Standards of Conduct
Section: 293-A:8.30 Standards of Conduct for Directors.
Section: 293-A:8.31 [Reserved.]
Section: 293-A:8.32 [Reserved.]
Section: 293-A:8.33 Directors' Liability for Unlawful Distributions.
D. Officers
Section: 293-A:8.40 Officers.
Section: 293-A:8.41 Functions of Officers.
Section: 293-A:8.42 Standards of Conduct for Officers.
Section: 293-A:8.43 Resignation and Removal of Officers.
Section: 293-A:8.44 Contract Rights of Officers.
E. Indemnification and Advance for Expenses
Section: 293-A:8.50 Subdivision Definitions.
Section: 293-A:8.51 Permissible Indemnification.
Section: 293-A:8.52 Mandatory Indemnification.
Section: 293-A:8.53 Advance for Expenses.
Section: 293-A:8.54 Court-Ordered Indemnification and Advance for Expenses.
Section: 293-A:8.55 Determination and Authorization of Indemnification.
Section: 293-A:8.56 Indemnification of Officers.
Section: 293-A:8.57 Insurance.
Section: 293-A:8.58 Variation by Corporate Action; Application of Subdivision.
Section: 293-A:8.59 Exclusivity of Subdivision.
F. Directors' Conflicting Interest Transactions
Section: 293-A:8.60 Subdivision Definitions.
Section: 293-A:8.61 Judicial Action.
Section: 293-A:8.62 Directors' Action.
Section: 293-A:8.63 Shareholders' Action.
G. Business Opportunities
Section: 293-A:8.70 Business Opportunities.
A. Preliminary Provisions
Section: 293-A:9.01 Excluded Transactions.
Section: 293-A:9.02 Required Approvals.
B. Domestication
Section: 293-A:9.20 Domestication.
Section: 293-A:9.21 Action on a Plan of Domestication.
Section: 293-A:9.22 Articles of Domestication.
Section: 293-A:9.23 Surrender of Charter Upon Domestication.
Section: 293-A:9.24 Effect of Domestication.
Section: 293-A:9.25 Abandonment of a Domestication.
C. Entity Conversion
Section: 293-A:9.50 Entity Conversion Authorized; Definitions.
Section: 293-A:9.51 Plan of Entity Conversion.
Section: 293-A:9.52 Action on a Plan of Entity Conversion.
Section: 293-A:9.53 Articles of Entity Conversion.
Section: 293-A:9.54 Surrender of Charter Upon Conversion.
Section: 293-A:9.55 Effect of Entity Conversion.
Section: 293-A:9.56 Abandonment of an Entity Conversion.
A. Amendment of Articles of Incorporation
Section: 293-A:10.01 Authority to Amend.
Section: 293-A:10.02 Amendment Before Issuance of Shares.
Section: 293-A:10.03 Amendment by Board of Directors and Shareholders.
Section: 293-A:10.04 Voting on Amendments by Voting Groups.
Section: 293-A:10.05 Amendment by Board of Directors.
Section: 293-A:10.06 Articles of Amendment.
Section: 293-A:10.07 Restated Articles of Incorporation.
Section: 293-A:10.08 Amendment Pursuant to Reorganization.
Section: 293-A:10.09 Effect of Amendment.
B. Amendment of Bylaws
Section: 293-A:10.20 Amendment by Board of Directors or Shareholders.
Section: 293-A:10.21 Bylaw Increasing Quorum or Voting Requirement for Directors.
Section: 293-A:10.22 Bylaw Provisions Relating to the Election of Directors.
Part Merger and Share Exchange
Section: 293-A:11.01 Definitions.
Section: 293-A:11.02 Merger.
Section: 293-A:11.03 Share Exchange.
Section: 293-A:11.04 Action on a Plan of Merger or Share Exchange.
Section: 293-A:11.05 Merger Between Parent and Subsidiary or Between Subsidiaries.
Section: 293-A:11.06 Articles of Merger or Share Exchange.
Section: 293-A:11.07 Effect of Merger or Share Exchange.
Section: 293-A:11.08 Abandonment of a Merger or Share Exchange.
Part Sale of Assets
Section: 293-A:12.01 Disposition of Assets Not Requiring Shareholder Approval.
Section: 293-A:12.02 Shareholder Approval of Certain Dispositions.
A. Right to Appraisal and Payment for Shares
Section: 293-A:13.01 Definitions.
Section: 293-A:13.02 Right to Appraisal.
Section: 293-A:13.03 Assertion of Rights by Nominees and Beneficial Owners.
B. Procedure for Exercise of Appraisal Rights
Section: 293-A:13.20 Notice of Appraisal Rights.
Section: 293-A:13.21 Notice of Intent to Demand Payment and Consequences of Voting or Consenting.
Section: 293-A:13.22 Appraisal Notice and Form.
Section: 293-A:13.23 Perfection of Rights; Right to Withdraw.
Section: 293-A:13.24 Payment.
Section: 293-A:13.25 After-Acquired Shares.
Section: 293-A:13.26 Procedure if Shareholder Dissatisfied With Payment or Offer.
C. Judicial Appraisal of Shares
Section: 293-A:13.30 Court Action.
Section: 293-A:13.31 Court Costs and Expenses.
D. Miscellaneous
Section: 293-A:13.40 Other Remedies Limited.
A. Voluntary Dissolution
Section: 293-A:14.01 Dissolution by Incorporators or Initial Directors.
Section: 293-A:14.02 Dissolution by Board of Directors and Shareholders.
Section: 293-A:14.03 Articles of Dissolution.
Section: 293-A:14.04 Revocation of Dissolution.
Section: 293-A:14.05 Effect of Dissolution.
Section: 293-A:14.06 Known Claims Against Dissolved Corporation.
Section: 293-A:14.07 Other Claims Against Dissolved Corporation.
Section: 293-A:14.08 Court Proceedings.
Section: 293-A:14.09 Director Duties.
B. Administrative Dissolution
Section: 293-A:14.20 Grounds for Administrative Dissolution.
Section: 293-A:14.21 Procedure for and Effect of Administrative Dissolution.
Section: 293-A:14.22 Reinstatement Following Administrative Dissolution.
Section: 293-A:14.22-a Late Reinstatement.
Section: 293-A:14.23 Appeal From Denial of Reinstatement.
C. Judicial Dissolution
Section: 293-A:14.30 Grounds for Judicial Dissolution.
Section: 293-A:14.31 Procedure for Judicial Dissolution.
Section: 293-A:14.32 Receivership or Custodianship.
Section: 293-A:14.33 Decree of Dissolution.
Section: 293-A:14.34 Election to Purchase in Lieu of Dissolution.
A. Certificate of Authority
Section: 293-A:15.01 Authority to Transact Business Required.
Section: 293-A:15.02 Consequences of Transacting Business Without Authority.
Section: 293-A:15.03 Application for Certificate of Authority.
Section: 293-A:15.04 Amended Certificate of Authority.
Section: 293-A:15.05 Effect of Certificate of Authority.
Section: 293-A:15.06 Corporate Name of Foreign Corporation.
Section: 293-A:15.07 Registered Office and Registered Agent of Foreign Corporation.
Section: 293-A:15.08 Change of Registered Office or Registered Agent of Foreign Corporation.
Section: 293-A:15.09 Resignation of Registered Agent of Foreign Corporation.
Section: 293-A:15.10 Service on Foreign Corporation.
B. Withdrawal or Transfer of Authority
Section: 293-A:15.20 Withdrawal of Foreign Corporation.
Section: 293-A:15.21 Automatic Withdrawal Upon Certain Conversions.
Section: 293-A:15.22 Withdrawal Upon Conversion to a Nonfiling Entity.
Section: 293-A:15.23 Transfer of Authority.
C. Revocation of Certificate of Authority
Section: 293-A:15.30 Grounds for Revocation.
Section: 293-A:15.31 Procedure for and Effect of Revocation.
Section: 293-A:15.32 Appeal From Revocation.
A. Records
Section: 293-A:16.01 Corporate Records.
Section: 293-A:16.02 Inspection of Records by Shareholders.
Section: 293-A:16.03 Scope of Inspection Right.
Section: 293-A:16.04 Court-Ordered Inspection.
Section: 293-A:16.05 Inspection of Records by Directors.
Section: 293-A:16.06 Exception to Notice Requirement.
B. Reports
Section: 293-A:16.20 Financial Statements for Shareholders.
Section: 293-A:16.21 Annual Report for Secretary of State.
Part Transition Provisions
Section: 293-A:17.01 Application to Existing Domestic Corporations.
Section: 293-A:17.02 Application to Qualified Foreign Corporations.
Section: 293-A:17.03 Saving Provisions.
Section: 293-A:17.04 Severability.