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2017 New Hampshire Revised Statutes
Title XXVII - CORPORATIONS, ASSOCIATIONS, AND PROPRIETORS OF COMMON LANDS
Chapter 294-A - PROFESSIONAL CORPORATIONS
Section 294-A:6 - Right of Corporation to Acquire its own Shares.
Universal Citation: NH Rev Stat § 294-A:6 (2017)
294-A:6 Right of Corporation to Acquire its own Shares. –
A professional corporation may purchase its own shares from a disqualified person without regard to the availability of capital or surplus for the purchase. However, no purchase of or payment for its own shares shall be made at a time when the corporation is insolvent or when the purchase or payment would make it insolvent.
Source. 1981, 236:1, eff. Feb. 1, 1982.
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