There is a newer version of the New Hampshire Revised Statutes
2016 New Hampshire Revised Statutes
Title XV - EDUCATION
Chapter 195-E - LOAN CORPORATIONS
Section 195-E:3 - Loan Corporation Authorized.
NH Rev Stat § 195-E:3 (2016) What's This?
195-E:3 Loan Corporation Authorized. –
I. Any qualified educational institution may form a voluntary nonprofit corporation in accordance with this chapter for the purposes specified in this chapter. A qualified educational institution may form a loan corporation either:
(a) By organizing a new voluntary nonprofit corporation as provided in this chapter; or
(b) By amending the articles of agreement and bylaws of an existing voluntary nonprofit corporation organized under RSA 292 to conform the articles and bylaws to the requirements of RSA 195-E:5-9; or
(c) By adopting the articles of agreement and bylaws of an existing corporation validly organized by any other entity pursuant to subparagraphs (a) or (b); or
(d) By merging any voluntary nonprofit corporation organized under RSA 292 with any existing loan corporation validly organized by any other entity pursuant to subparagraphs (a) or (b).
II. The provisions of RSA 195-E:3-9 shall not apply to the foundation.
Source. 1981, 229:1. 1983, 112:3, eff. May 25, 1983.
Disclaimer: These codes may not be the most recent version. New Hampshire may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
