Terms Used In New Hampshire Revised Statutes 295:5

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • state: when applied to different parts of the United States, may extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall include said district and territories. See New Hampshire Revised Statutes 21:4
Such corporations may adopt bylaws, not repugnant to the laws of this state, to provide for the election, removal and retiring of members; to fix the times and places of holding meetings and the manner of calling and conducting them; to regulate the number of officers, the manner of choosing them, their tenure of office and their powers and duties; and to promote the objects of the corporation; and they may alter and amend such bylaws.