New Hampshire § 294-C:1 Limits of Issue

New Hampshire Statutes

§ 294-C:1 — Limits of Issue

New Hampshire § 294-C:1

Title XXVIICORPORATIONS, ASSOCIATIONS, AND PROPRIETORS OF COMMON LANDS

Ch. 294-CFRAUDULENT OR UNAUTHORIZED ISSUE OF STOCK

This text of New Hampshire § 294-C:1 (Limits of Issue) 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-C:1 (2026).

Text

No corporation shall increase its capital stock beyond the maximum amount fixed by its charter or otherwise authorized by law, or divide the proceeds of the sale of its stock among its stockholders, or issue certificates of stock when the par value of the shares represented by the certificates has not been fully paid to its treasurer. All certificates issued for such unauthorized stock shall be void.

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No corporation shall increase its capital stock beyond the maximum amount fixed by its charter or otherwise authorized by law, or divide the proceeds of the sale of its stock among its stockholders, or issue certificates of stock when the par value of the shares represented by the certificates has not been fully paid to its treasurer. All certificates issued for such unauthorized stock shall be void.