New Hampshire § 402-A:3 Prohibited Sales

New Hampshire Statutes

§ 402-A:3 — Prohibited Sales

New Hampshire § 402-A:3

Title XXXVIIINSURANCE

Ch. 402-AINSIDER TRADING OF SECURITIES

This text of New Hampshire § 402-A:3 (Prohibited Sales) 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. § 402-A:3 (2026).

Text

It is unlawful for any such beneficial owner, director, or officer, directly or indirectly, to sell any equity security of such company if the person selling the security or his principal (a) does not own the security sold, or (b) if owning the security, does not deliver it against such sale within 20 days after the sale, or does not within 5 days after such sale deposit it in the mails or other usual channels of transportation. No person shall be deemed to have violated this section if he proves that notwithstanding the exercise of good faith he was unable to make such delivery or deposit within such time, or that to do so would cause undue inconvenience or expense.

Free access — add to your briefcase to read the full text and ask questions with AI

It is unlawful for any such beneficial owner, director, or officer, directly or indirectly, to sell any equity security of such company if the person selling the security or his principal (a) does not own the security sold, or (b) if owning the security, does not deliver it against such sale within 20 days after the sale, or does not within 5 days after such sale deposit it in the mails or other usual channels of transportation. No person shall be deemed to have violated this section if he proves that notwithstanding the exercise of good faith he was unable to make such delivery or deposit within such time, or that to do so would cause undue inconvenience or expense.