New Hampshire Revised Statutes 293-C:1 – Short Title, Application, and Effect of Chapter
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I. This chapter shall be known and may be cited as the “New Hampshire Benefit Corporation Act.”
II. This chapter shall be applicable to all benefit corporations.
III. The existence of a provision of this chapter shall not itself create an implication that a contrary or different rule of law is applicable to a business corporation that is not a benefit corporation. This chapter shall not affect a statute or rule of law that is applicable to a business corporation that is not a benefit corporation.
IV. Except as otherwise provided in this chapter, N.H. Rev. Stat. Chapter 293-A shall be generally applicable to all benefit corporations. A benefit corporation may be subject simultaneously to this chapter and one or more other chapters of this title, including RSA 294-A. The provisions of this chapter shall control over the provisions of N.H. Rev. Stat. Chapter 293-A and RSA 294-A.
V. A provision of the articles of incorporation or bylaws of a benefit corporation may not limit, be inconsistent with, or supersede a provision of this chapter.
II. This chapter shall be applicable to all benefit corporations.
Terms Used In New Hampshire Revised Statutes 293-C:1
- 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.
- Statute: A law passed by a legislature.
III. The existence of a provision of this chapter shall not itself create an implication that a contrary or different rule of law is applicable to a business corporation that is not a benefit corporation. This chapter shall not affect a statute or rule of law that is applicable to a business corporation that is not a benefit corporation.
IV. Except as otherwise provided in this chapter, N.H. Rev. Stat. Chapter 293-A shall be generally applicable to all benefit corporations. A benefit corporation may be subject simultaneously to this chapter and one or more other chapters of this title, including RSA 294-A. The provisions of this chapter shall control over the provisions of N.H. Rev. Stat. Chapter 293-A and RSA 294-A.
V. A provision of the articles of incorporation or bylaws of a benefit corporation may not limit, be inconsistent with, or supersede a provision of this chapter.