Terms Used In New Hampshire Revised Statutes 296:14

  • bylaw: when used in reference to legislative action taken by a city, town, county or village district shall have the same meaning as an ordinance and shall be subject to the same procedures for enactment. See New Hampshire Revised Statutes 21:45
  • 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 make any bylaw to restrain the free sale of shares of its stock; every such bylaw shall be void.