Terms Used In New Hampshire Revised Statutes 296:29

  • 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.
The officers and stockholders of corporations whose object is a dividend of profits, except banks, building and loan associations, and corporations organized under or adopting the provisions of RSA 294, shall be individually liable for the debts and contracts of the corporation, in the cases and to the extent specified in this chapter, and not otherwise.