New Hampshire § 296:16 Conditions

New Hampshire Statutes

§ 296:16 — Conditions

New Hampshire § 296:16

Title XXVIICORPORATIONS, ASSOCIATIONS, AND PROPRIETORS OF COMMON LANDS

Ch. 296DIVIDEND-PAYING CORPORATIONS

SubdivisionCapitalizing Surplus

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Bluebook

N.H. Rev. Stat. Ann. § 296:16 (2026).

Text

For this surplus the corporation may increase its capital stock within the limits provided by law; but no stock representing undivided surplus profits shall be authorized to be issued at less than par, nor until a certified copy of the vote authorizing the same, and a certificate as hereinafter provided, shall have been recorded in the office of the clerk of the town in which its principal place of business is located and in the office of the secretary of state.

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For this surplus the corporation may increase its capital stock within the limits provided by law; but no stock representing undivided surplus profits shall be authorized to be issued at less than par, nor until a certified copy of the vote authorizing the same, and a certificate as hereinafter provided, shall have been recorded in the office of the clerk of the town in which its principal place of business is located and in the office of the secretary of state.