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2019 New Hampshire Revised Statutes
Title XXVII - Corporations, Associations, and Proprietors of Common Lands
Chapter 293-C - Benefit Corporations
Section 293-C:6 - Corporate Purposes.
Universal Citation: NH Rev Stat § 293-C:6 (2019)
293-C:6 Corporate Purposes. –
I. A benefit corporation shall have a purpose of creating general public benefit. This purpose is in addition to its purpose under RSA 293-A:7.
II. The articles of incorporation of a benefit corporation may identify one or more specific public benefits that it is the purpose of the benefit corporation to create in addition to its purposes under paragraph I and RSA 293-A:7. The identification of a specific public benefit under this paragraph shall not limit the purpose of a benefit corporation to create general public benefit under paragraph I.
III. The creation of general public benefit and specific public benefit under paragraphs I and II is in the best interests of the benefit corporation.
IV. A benefit corporation may amend its articles of incorporation to add, amend, or delete the identification of a specific public benefit that it is the purpose of the benefit corporation to create. In order to be effective, the amendment shall be adopted by at least the minimum status vote.
V. A professional corporation that is a benefit corporation does not violate RSA 294-A:2 by having the purpose to create general public benefit or a specific public benefit.
I. A benefit corporation shall have a purpose of creating general public benefit. This purpose is in addition to its purpose under RSA 293-A:7.
II. The articles of incorporation of a benefit corporation may identify one or more specific public benefits that it is the purpose of the benefit corporation to create in addition to its purposes under paragraph I and RSA 293-A:7. The identification of a specific public benefit under this paragraph shall not limit the purpose of a benefit corporation to create general public benefit under paragraph I.
III. The creation of general public benefit and specific public benefit under paragraphs I and II is in the best interests of the benefit corporation.
IV. A benefit corporation may amend its articles of incorporation to add, amend, or delete the identification of a specific public benefit that it is the purpose of the benefit corporation to create. In order to be effective, the amendment shall be adopted by at least the minimum status vote.
V. A professional corporation that is a benefit corporation does not violate RSA 294-A:2 by having the purpose to create general public benefit or a specific public benefit.
Source. 2014, 216:1, eff. Jan. 1, 2015.
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