New Hampshire § 162-L:3 Board of Directors;  Organization

New Hampshire Statutes

§ 162-L:3 — Board of Directors; Organization

New Hampshire § 162-L:3

Title XIIPUBLIC SAFETY AND WELFARE

Ch. 162-LCOMMUNITY DEVELOPMENT FINANCE AUTHORITY

This text of New Hampshire § 162-L:3 (Board of Directors; Organization) is published on Counsel Stack Legal Research, covering New Hampshire primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.H. Rev. Stat. Ann. § 162-L:3 (2026).

Text

I.Upon appointment of the members of the board of directors and annually thereafter, the members shall elect, from among the members, a chairman and a vice-chairman and shall designate a secretary-treasurer who need not be a member of the board.

II.The secretary-treasurer shall keep a record of the proceedings of the authority and the board of directors and shall be the custodian of all books, documents, and papers filed with the authority, the minute books of the authority, and its official seal.

III.A majority of the directors shall constitute a quorum, but no power of the authority shall be exercised without a majority vote of the full board of directors. The authority shall employ an executive director; legal, financial, and technical experts; and other persons as it may require. Th

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I. Upon appointment of the members of the board of directors and annually thereafter, the members shall elect, from among the members, a chairman and a vice-chairman and shall designate a secretary-treasurer who need not be a member of the board.
II. The secretary-treasurer shall keep a record of the proceedings of the authority and the board of directors and shall be the custodian of all books, documents, and papers filed with the authority, the minute books of the authority, and its official seal.
III. A majority of the directors shall constitute a quorum, but no power of the authority shall be exercised without a majority vote of the full board of directors. The authority shall employ an executive director; legal, financial, and technical experts; and other persons as it may require. The authority shall determine the qualifications, duties, and compensation of its employees.