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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:4 - Powers of Association.
Universal Citation: NH Rev Stat § 301-A:4 (2018)
301-A:4 Powers of Association. –
Each association shall have the following powers in addition to those granted under RSA 293-A:3.02:
I. To continue as a corporation for the time specified in its certificate.
II. To have a corporate seal and to alter the same at pleasure.
III. To sue and to be sued in its corporate name.
IV. To make bylaws for the government and regulation of its affairs not inconsistent with the laws of this state.
V. To acquire, own, hold, sell, lease, pledge, mortgage or otherwise dispose of any property incident to its purposes and activities.
VI. To entirely own or control and exercise all the rights of membership in other cooperative associations chartered to make goods, services or facilities directly or indirectly available to its owners or voting stockholders on a nonprofit basis.
VII. To make mutual aid agreements with other associations formed on a cooperative and nonprofit basis, including the power to borrow money, contract debts, and make contracts.
VIII. To conduct its affairs within or without the state of New Hampshire.
IX. To exercise all powers not inconsistent with this chapter which may be necessary, convenient, or expedient for the accomplishment of its purposes and, to that end, the foregoing enumeration of powers shall not be deemed exclusive.
Each association shall have the following powers in addition to those granted under RSA 293-A:3.02:
I. To continue as a corporation for the time specified in its certificate.
II. To have a corporate seal and to alter the same at pleasure.
III. To sue and to be sued in its corporate name.
IV. To make bylaws for the government and regulation of its affairs not inconsistent with the laws of this state.
V. To acquire, own, hold, sell, lease, pledge, mortgage or otherwise dispose of any property incident to its purposes and activities.
VI. To entirely own or control and exercise all the rights of membership in other cooperative associations chartered to make goods, services or facilities directly or indirectly available to its owners or voting stockholders on a nonprofit basis.
VII. To make mutual aid agreements with other associations formed on a cooperative and nonprofit basis, including the power to borrow money, contract debts, and make contracts.
VIII. To conduct its affairs within or without the state of New Hampshire.
IX. To exercise all powers not inconsistent with this chapter which may be necessary, convenient, or expedient for the accomplishment of its purposes and, to that end, the foregoing enumeration of powers shall not be deemed exclusive.
Source. 1983, 462:1. 1992, 255:4, eff. Jan. 1, 1993.
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