New Hampshire Revised Statutes 294-C:1 – Limits of Issue
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Terms Used In New Hampshire Revised Statutes 294-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.
No corporation shall increase its capital stock beyond the maximum amount fixed by its charter or otherwise authorized by law, or divide the proceeds of the sale of its stock among its stockholders, or issue certificates of stock when the par value of the shares represented by the certificates has not been fully paid to its treasurer. All certificates issued for such unauthorized stock shall be void.