Terms Used In New Hampshire Revised Statutes 295:7-b

  • 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.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
Every such corporation may make or enter into lease agreements, either as lessee or lessor, to carry out any of its corporate purposes.