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2018 New Hampshire Revised Statutes
Title XXVII - Corporations, Associations, and Proprietors of Common Lands
Chapter 294-A - Professional Corporations
Section 294-A:13 - Cancellation of Shares.
Universal Citation: NH Rev Stat § 294-A:13 (2018)
294-A:13 Cancellation of Shares. –
If the purchase, redemption, or transfer of the shares of a deceased or disqualified shareholder or of a transferee who is a disqualified person is not completed within 10 months after the death of the deceased shareholder or 5 months after the disqualification or transfer, the corporation shall immediately cancel the shares on its books and the disqualified person shall have no further interest as a shareholder in the corporation other than his right to payment for such shares under RSA 294-A:9-12.
Source. 1981, 236:1, eff. Feb. 1, 1982.
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