New Hampshire Statutes
§ 294-A:13 — Cancellation of Shares
New Hampshire·Title XXVII CORPORATIONS, ASSOCIATIONS, AND PROPRIETORS OF COMMON LANDS·Ch. 294-A PROFESSIONAL CORPORATIONS
If the purchase, redemption, or transfer of the shares of a deceased or disqualified shareholder or of a transferee who is a disqualified person is not completed within 10 months after the death of the deceased shareholder or 5 months after the disqualification or transfer, the corporation shall immediately cancel the shares on its books and the disqualified person shall have no further interest as a shareholder in the corporation other than his right to payment for such shares under RSA 294-A:9-12.
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Legislative History
1981, 236:1, eff. Feb. 1, 1982.
Nearby Sections
15
§ 294-A:10
Fair Value of the Shares§ 294-A:11
Determination of Value by a Court§ 294-A:12
Interest; Costs; Expenses§ 294-A:13
Cancellation of Shares§ 294-A:14
Shares Acquired by the Corporation§ 294-A:15
Specific Enforcement in Superior Court§ 294-A:16
Pension Benefits; Deferred Compensation§ 294-A:17
Liability of Shareholders and Employees§ 294-A:19
Voting of Shares§ 294-A:20
Directors and Officers§ 294-A:21
Amendments to Articles of Incorporation§ 294-A:22
Merger and Consolidation