2010 New Hampshire Statutes
TITLE XXVII CORPORATIONS, ASSOCIATIONS, AND PROPRIETORS OF COMMON LANDS
CHAPTER 293-A NEW HAMPSHIRE BUSINESS CORPORATION ACT
Section 293-A:13.25 Payment.


NH Rev Stat § 293-A:13.25 (1996 through Reg Sess) What's This?

Section 293-A:13.25 293-A:13.25 Payment. – (a) Except as provided in RSA 293-A:13.27, as soon as the proposed corporate action is taken, or upon receipt of a payment demand, the corporation shall pay each dissenter who complied with RSA 293-A:13.23 the amount the corporation estimates to be the fair value of his shares, plus accrued interest.
    (b) The payment shall be accompanied by:
       (1) The corporation's balance sheet as of the end of a fiscal year ending not more than 16 months before the date of payment, an income statement for that year, a statement of changes in shareholders' equity for that year, and the latest available interim financial statements, if any;
       (2) A statement of the corporation's estimate of the fair value of the shares;
       (3) An explanation of how the interest was calculated;
       (4) A statement of the dissenter's right to demand payment under RSA 293-A:13.28; and
       (5) A copy of this subdivision.

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

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