New Hampshire Revised Statutes 295:11 – Reserved Power; Limitation
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In New Hampshire Revised Statutes 295:11
- 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.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
The legislature may at any time alter, amend or repeal the charter of any corporation, or the law under which it was established, or may modify or amend any of its franchises, duties or liabilities; but the remedy against the corporation, its members or officers, for any liability previously incurred, shall not be impaired thereby.