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2018 New Hampshire Revised Statutes
Title XXVII - Corporations, Associations, and Proprietors of Common Lands
Chapter 301-A - Consumers' Cooperative Associations
Section 301-A:14 - Issuance of Membership Certificates.
Universal Citation: NH Rev Stat § 301-A:14 (2018)
301-A:14 Issuance of Membership Certificates. –
I. No certificate for share or membership capital shall be issued until its par value is paid for in full. Each certificate issued by an association shall have printed upon it a full or condensed statement of the requirements of RSA 301-A:16 and 26.
II. Any natural person eligible for membership and legally obligated to purchase a share or shares or membership in an association shall be deemed a subscriber. The certificate or bylaws may determine what voting rights or other membership rights shall be granted to subscribers.
I. No certificate for share or membership capital shall be issued until its par value is paid for in full. Each certificate issued by an association shall have printed upon it a full or condensed statement of the requirements of RSA 301-A:16 and 26.
II. Any natural person eligible for membership and legally obligated to purchase a share or shares or membership in an association shall be deemed a subscriber. The certificate or bylaws may determine what voting rights or other membership rights shall be granted to subscribers.
Source. 1983, 462:1, eff. July 1, 1983.
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