There is a newer version
of
this Section
2019 New Hampshire Revised Statutes
Title XXVII - Corporations, Associations, and Proprietors of Common Lands
Chapter 296 - Dividend-Paying Corporations
Section 296:42 - Contribution.
Universal Citation: NH Rev Stat § 296:42 (2019)
296:42 Contribution. –
Any stockholder who has voluntarily paid a debt or liability of a corporation, after demand for payment thereof, which he was legally holden to pay, may have contribution by a bill in equity against the other stockholders for such sum as he ought equitably to recover; but no director, officer or stockholder who advised or consented to any act in violation of the provisions of this subdivision shall recover against any stockholder who did not advise or consent thereto.
Source. RS 146:5. 1843, 37:4. CS 147:6. 1857, 1962. GS 135:15. GL 149:15. PS 150:21. PL 228:14. RL 277:14.
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.
