There is a newer version
of
this Section
2019 New Hampshire Revised Statutes
Title XXVII - Corporations, Associations, and Proprietors of Common Lands
Chapter 301 - Cooperative Marketing and Rural Electrification Associations
Section 301:35 - Payment in Stock.
Universal Citation: NH Rev Stat § 301:35 (2019)
301:35 Payment in Stock. –
Whenever an association with preferred capital stock, shall purchase the stock or any property, or interest, it may discharge the obligation so incurred, wholly or in part, by exchanging for the acquired interest shares of its preferred capital stock to an amount which at par value would equal the fair market value of the stock or interest so purchased, as determined by the board of directors. In that case the transfer to the association of the stock or interest purchased shall be equivalent to payment in cash for the shares of stock issued.
Source. 1925, 33:16. PL 224:35. RL 273:35.
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.
