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2022 New Hampshire Revised Statutes
Title XV - Education
Title 195-E - Loan Corporations
Section 195-E:5 - Articles of Agreement.
Universal Citation: NH Rev Stat § 195-E:5 (2022)
195-E:5 Articles of Agreement. –
The articles of agreement of a loan corporation shall contain the following:
I. The name of the loan corporation, which shall clearly identify the qualified educational institution or institutions involved and shall contain the words "Loan Corporation";
II. The object for which the loan corporation is established;
III. The provisions for disposition of the corporate assets in the event of dissolution of the loan corporation;
IV. The address at which the business of the loan corporation is to be carried on;
V. The amount of capital stock, if any, or the number of shares, if any;
VI. The signature and post office address of each of the incorporators;
VII. A true copy of the vote of the educational institution agreeing to form a loan corporation; and
VIII. A true copy of the authorization for each incorporator to sign the articles of incorporation.
The articles of agreement of a loan corporation shall contain the following:
I. The name of the loan corporation, which shall clearly identify the qualified educational institution or institutions involved and shall contain the words "Loan Corporation";
II. The object for which the loan corporation is established;
III. The provisions for disposition of the corporate assets in the event of dissolution of the loan corporation;
IV. The address at which the business of the loan corporation is to be carried on;
V. The amount of capital stock, if any, or the number of shares, if any;
VI. The signature and post office address of each of the incorporators;
VII. A true copy of the vote of the educational institution agreeing to form a loan corporation; and
VIII. A true copy of the authorization for each incorporator to sign the articles of incorporation.
Source. 1981, 229:1. 1983, 112:5, eff. May 25, 1983.
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