2010 New Hampshire Statutes
TITLE XXVII CORPORATIONS, ASSOCIATIONS, AND PROPRIETORS OF COMMON LANDS
CHAPTER 293-A NEW HAMPSHIRE BUSINESS CORPORATION ACT
Section 293-A:8.05 Terms of Directors Generally.


NH Rev Stat § 293-A:8.05 (1996 through Reg Sess) What's This?

Section 293-A:8.05 293-A:8.05 Terms of Directors Generally. – (a) The terms of the initial directors of a corporation expire at the first shareholders' meeting at which directors are elected.
    (b) The terms of all other directors expire at the next annual shareholders' meeting following their election unless their terms are staggered under RSA 293-A:8.06.
    (c) A decrease in the number of directors does not shorten an incumbent director's term.
    (d) The term of a director elected to fill a vacancy expires at the next shareholders' meeting at which directors are elected.
    (e) Despite the expiration of a director's term, he continues to serve until his successor is elected and qualified or until there is a decrease in the number of directors.

Source. 1992, 255:1, eff. Jan. 1, 1993.

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