There is a newer version
of
this Section
2019 New Hampshire Revised Statutes
Title XXVII - Corporations, Associations, and Proprietors of Common Lands
Chapter 293-A - New Hampshire Business Corporation Act
Section 293-A:8.05 - Terms of Directors Generally.
Universal Citation: NH Rev Stat § 293-A:8.05 (2019)
293-A:8.05 Terms of Directors Generally. –
(a) The terms of the initial directors of a corporation expire at the first shareholders' meeting at which directors are elected.
(b) The terms of all other directors expire at the next, or if their terms are staggered in accordance with RSA 293-A:8.06, at the applicable second or third, annual shareholders' meeting following their election, except to the extent (i) provided in RSA 293-A:10.22 if a bylaw electing to be governed by that section is in effect; or (ii) a shorter term is specified in the articles of incorporation in the event of a director nominee failing to receive a specified vote for election.
(c) A decrease in the number of directors does not shorten an incumbent director's term.
(d) The term of a director elected to fill a vacancy expires at the next shareholders' meeting at which directors are elected.
(e) Except to the extent otherwise provided in the articles of incorporation or under RSA 293-A:10.22, if a bylaw electing to be governed by that section is in effect, despite the expiration of a director's term, the director continues to serve until the director's successor is elected and qualifies or there is a decrease in the number of directors.
(a) The terms of the initial directors of a corporation expire at the first shareholders' meeting at which directors are elected.
(b) The terms of all other directors expire at the next, or if their terms are staggered in accordance with RSA 293-A:8.06, at the applicable second or third, annual shareholders' meeting following their election, except to the extent (i) provided in RSA 293-A:10.22 if a bylaw electing to be governed by that section is in effect; or (ii) a shorter term is specified in the articles of incorporation in the event of a director nominee failing to receive a specified vote for election.
(c) A decrease in the number of directors does not shorten an incumbent director's term.
(d) The term of a director elected to fill a vacancy expires at the next shareholders' meeting at which directors are elected.
(e) Except to the extent otherwise provided in the articles of incorporation or under RSA 293-A:10.22, if a bylaw electing to be governed by that section is in effect, despite the expiration of a director's term, the director continues to serve until the director's successor is elected and qualifies or there is a decrease in the number of directors.
Source. 2013, 142:1, eff. Jan. 1, 2014.
Disclaimer: These codes may not be the most recent version. New Hampshire may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
