New Hampshire Statutes
§ 294-A:6 — Right of Corporation to Acquire its own Shares
New Hampshire § 294-A:6
JurisdictionNew Hampshire
Title XXVIICORPORATIONS, ASSOCIATIONS, AND PROPRIETORS OF COMMON LANDS
Ch. 294-APROFESSIONAL CORPORATIONS
This text of New Hampshire § 294-A:6 (Right of Corporation to Acquire its own Shares) 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. § 294-A:6 (2026).
Text
A professional corporation may purchase its own shares from a disqualified person without regard to the availability of capital or surplus for the purchase. However, no purchase of or payment for its own shares shall be made at a time when the corporation is insolvent or when the purchase or payment would make it insolvent.
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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
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Bluebook (online)
New Hampshire § 294-A:6, Counsel Stack Legal Research, https://law.counselstack.com/statute/nh/294-A/294-A%3A6.