New Hampshire Revised Statutes 293-C:13 – Availability of Annual Benefit Report
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I. A benefit corporation shall send its annual benefit report to each shareholder on the earlier of:
(a) 120 days following the end of the fiscal year of the benefit corporation; or
(b) The same time that the benefit corporation delivers any other annual report to its shareholders.
II. A benefit corporation shall post all of its benefit reports on the public portion of its Internet website, if any; but the compensation paid to directors and financial or proprietary information included in the benefit reports may be omitted from the benefit reports as posted.
III. If a benefit corporation does not have an Internet website, the benefit corporation shall provide a copy of its most recent benefit report, without charge, to any person that requests a copy, but the compensation paid to directors and financial or proprietary information included in the benefit report may be omitted from the copy of the benefit report provided.
IV. Concurrently with the delivery of the benefit report to shareholders under paragraph I, the benefit corporation shall deliver a copy of the benefit report to the secretary of state for filing, but the compensation paid to directors and financial or proprietary information included in the benefit report may be omitted from the benefit report as delivered to the secretary of state. The secretary of state shall charge a fee of $35 for filing a benefit report.
V. If the secretary of state determines that a benefit corporation established pursuant to this chapter fails to make available its annual benefit report pursuant to N.H. Rev. Stat. § 293-C:12 and N.H. Rev. Stat. § 293-C:13, the secretary of state shall administratively dissolve the corporation in accordance with the procedures in N.H. Rev. Stat. § 293-A:14.21.
(a) 120 days following the end of the fiscal year of the benefit corporation; or
Terms Used In New Hampshire Revised Statutes 293-C:13
- 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.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- following: when used by way of reference to any section of these laws, shall mean the section next preceding or following that in which such reference is made, unless some other is expressly designated. See New Hampshire Revised Statutes 21:13
- person: may extend and be applied to bodies corporate and politic as well as to individuals. See New Hampshire Revised Statutes 21:9
- 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
(b) The same time that the benefit corporation delivers any other annual report to its shareholders.
II. A benefit corporation shall post all of its benefit reports on the public portion of its Internet website, if any; but the compensation paid to directors and financial or proprietary information included in the benefit reports may be omitted from the benefit reports as posted.
III. If a benefit corporation does not have an Internet website, the benefit corporation shall provide a copy of its most recent benefit report, without charge, to any person that requests a copy, but the compensation paid to directors and financial or proprietary information included in the benefit report may be omitted from the copy of the benefit report provided.
IV. Concurrently with the delivery of the benefit report to shareholders under paragraph I, the benefit corporation shall deliver a copy of the benefit report to the secretary of state for filing, but the compensation paid to directors and financial or proprietary information included in the benefit report may be omitted from the benefit report as delivered to the secretary of state. The secretary of state shall charge a fee of $35 for filing a benefit report.
V. If the secretary of state determines that a benefit corporation established pursuant to this chapter fails to make available its annual benefit report pursuant to N.H. Rev. Stat. § 293-C:12 and N.H. Rev. Stat. § 293-C:13, the secretary of state shall administratively dissolve the corporation in accordance with the procedures in N.H. Rev. Stat. § 293-A:14.21.