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2018 New Hampshire Revised Statutes
Title XXVII - Corporations, Associations, and Proprietors of Common Lands
Chapter 296 - Dividend-Paying Corporations
Section 296:31 - Payment for Stock.
Universal Citation: NH Rev Stat § 296:31 (2018)
296:31 Payment for Stock. –
No note or obligation given by a stockholder, whether secured by pledge or otherwise, shall be considered as payment for any part of the capital stock.
Source. 1846, 321:2. CS 147:1. GS 135:9. GL 149:9. PS 150:9. PL 228:4. RL 277:4.
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