reglab/statecodes huggingface dataset:
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 292 - Voluntary Corporations and Associations › Section 292:8 - Capital Structure.

292:8 Capital Structure. –
The corporation may generate funds through its members, including, but not limited to:
I. Issuance of membership certificates or stock certificates, or both, in the corporation.
II. Receipt of contributions to capital.
III. Assessment of dues and fees on members.
Source.
RS 145:9. CS 152:9. GS 137:7. GL 151:7. PS 147:9. PL 223:8. RL 272:7. RSA 292:8. 1971, 73:3. 1991, 261:8, eff. Jan. 1, 1992.
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 292 - Voluntary Corporations and Associations › Section 292:8-a - Repealed by 1975, 95:2, eff. June 21, 1975.

292:8-a Repealed by 1975, 95:2, eff. June 21, 1975. –
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 292 - Voluntary Corporations and Associations › Section 292:8-b - Terms Defined.

292:8-b Terms Defined. –
The following words as used in this subdivision shall be construed as follows:
I. "Commission" means the higher education commission established in RSA 21-N:8-a.
II. "Higher learning" means studies which are more advanced or difficult than those prevalently offered in a secondary school and which are creditable toward an academic or professional degree.
III. "Degree" means the formal recognition of a stage of progress in the pursuit of higher learning, including the associate, bachelor's, master's, doctorate, professional, or other award, diploma or the equivalent under any other designation.
Source.
1965, 44:1. 1973, 533:4. 2011, 224:143, eff. July 1, 2011.
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 292 - Voluntary Corporations and Associations › Section 292:8-c - Organization.

292:8-c Organization. –
The articles of agreement for the purpose of organizing a corporation for the establishment of an institution of higher learning shall be submitted to the commission for its consent for said incorporation.
Source.
1965, 44:1. 1973, 533:5. 1977, 407:2. 2011, 224:144. 2013, 164:3, eff. June 28, 2013.
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 292 - Voluntary Corporations and Associations › Section 292:8-d - Approval.

292:8-d Approval. –
No articles of agreement for the incorporation of institutions of higher learning shall be recorded in the office of the secretary of state unless or until consent for said incorporation has been obtained from the commission.
Source.
1965, 44:1. 1973, 533:6. 1977, 407:3. 2013, 164:3, eff. June 28, 2013.
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 292 - Voluntary Corporations and Associations › Section 292:8-e - General Statement.

292:8-e General Statement. –
The commission shall approve as a corporation of higher learning only such institutions as have been evaluated according to procedures and standards established by the commission. The commission may accept accreditation or program approval by a recognized accrediting body in place of its own independent evaluation.
Source.
1965, 44:1. 1973, 533:7. 2013, 164:3, eff. June 28, 2013.
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 292 - Voluntary Corporations and Associations › Section 292:8-ee - Freedom From Liability.

292:8-ee Freedom From Liability. –
No employee of the division, member of the commission, or any member of an evaluation committee established under any provision of this subdivision shall be held personally liable, either as an individual or as a member of a group, so long as said employee or member was acting in good faith in the furtherance of duties as an employee of the division or member of the commission or an evaluation committee. All such members shall be entitled to the protections afforded by RSA 99-D.
Source.
1983, 141:1. 2011, 224:146. 2013, 164:3, eff. June 28, 2013.
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 292 - Voluntary Corporations and Associations › Section 292:8-f - Submission of Plans.

292:8-f Submission of Plans. –
Any person or entity desiring to establish an institution of higher learning shall submit to the commission its plans, which shall be evaluated by the commission. Such evaluation shall include among other things the adequacy of the buildings or proposed buildings, instructional facilities and provisions for safety and well-being of its students, the qualifications of the faculty, the character of the program of studies and the adequacy of financial resources. All fees collected by the commission under this section shall be deposited into the higher education fund established in RSA 21-N:8-a, III.
Source.
1965, 44:1. 1967, 288:2. 1973, 533:8. 2013, 164:3, eff. June 28, 2013.
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 292 - Voluntary Corporations and Associations › Section 292:8-ff - Continuing Review.

292:8-ff Continuing Review. –
I. The commission shall conduct periodic reevaluations of educational institutions incorporated under this chapter.
II. The commission shall conduct a special reevaluation of any educational institution, if:
(a) The institution is sold or transferred to, or merged with, another entity; or
(b) There is a substantial change in the governance of the institution.
III. The commission shall suspend or revoke the approval or degree granting authority of any institution which no longer meets the standards established by rule under RSA 21-N:8-a, II(e).
IV. Any institution which has not conducted regular instruction for 3 consecutive years and whose charter has not been repealed shall, before announcing a resumption of instruction, submit plans to the commission and be evaluated and approved under RSA 292:8-f.
V. Any institution which has not awarded a particular degree for 4 years shall seek and receive approval by the commission before resuming the awarding of that degree.
Source.
1969, 4:2. 1973, 533:9. 1981, 574:4. 2011, 224:147. 2013, 164:3, eff. June 28, 2013.
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 292 - Voluntary Corporations and Associations › Section 292:8-g - Limitation on Name.

292:8-g Limitation on Name. –
Notwithstanding the provisions of RSA 292:3 no person, school, association or corporation shall use in any way the term "junior college" or "college" or "university" in connection with an institution, or use any other name, title or descriptive matter tending to designate that it is an institution of higher learning unless it has been incorporated under the provisions of this chapter. Any person, school, association or corporation authorized by a special act of the legislature shall not change its name to include any of said terms under the provisions of RSA 292:8-
l
unless its amendment therefor shall be submitted to and approved by the commission prior to being filed in the office of the secretary of state.
Source.
1965, 44:1. 1967, 92:2. 1973, 533:10. 2013, 164:3, eff. June 28, 2013.
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 292 - Voluntary Corporations and Associations › Section 292:8-h - Granting of Degrees.

292:8-h Granting of Degrees. –
I. This section shall apply to all educational institutions within the state granting degrees or seeking to do so, except the following:
(a) Any institution now granting degrees which has been in continuous operation since before 1775;
(b) [Repealed.]
(c) Institutions of the university system of New Hampshire pursuant to RSA 187-A and institutions of the community college system of New Hampshire pursuant to RSA 188-F.
II. No educational institution shall grant degrees unless approved by the higher education commission and authorized by name to do so by an act of the legislature.
III. The commission shall specify the degrees an institution may grant, and the commission may renew, for a set term of years, degree granting authority. The commission shall report its activity by January 31 of each odd-numbered year to both the house and senate standing committees on education.
IV. Any out-of-state institution of higher learning planning to establish a branch campus or offer courses, programs, or degrees in this state, shall apply to the commission for evaluation and approval of its plans. If such plans are not approved or if approval is withdrawn by the commission, all operations and publicity of the out-of-state institution shall cease without delay.
Source.
1965, 44:1. 1971, 540:3. 1973, 533:11. 1981, 574:1. 1983, 239:10. 2011, 224:145. 2013, 164:3, eff. June 28, 2013. 2021, 159:1, eff. July 29, 2021.
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 292 - Voluntary Corporations and Associations › Section 292:8-i - Penalty.

292:8-i Penalty. –
Any person who shall violate the provisions of RSA 292:8-g or 292:8-h shall be guilty of a misdemeanor if a natural person, or guilty of a felony if any other person.
Source.
1965, 44:1. 1973, 529:61, eff. Oct. 31, 1973 at 11:59 p.m.
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 292 - Voluntary Corporations and Associations › Section 292:8-j - Injunctive Relief.

292:8-j Injunctive Relief. –
In addition to the penalty provided by RSA 292:8-i, the commission may institute in any court of competent jurisdiction, an action to prevent or restrain any violation of the provisions of RSA 292:8-g or 8-h and the court shall adjudge to the plaintiff such relief by way of injunction (which may be mandatory) or otherwise as may be proper under all the facts and circumstances of the case, in order to fully effectuate the purpose of this subdivision.
Source.
1965, 44:1. 1973, 533:12, eff. July 1, 1973.
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 292 - Voluntary Corporations and Associations › Section 292:8-k - Repealed by 1973, 533:15, eff. July 1, 1973.

292:8-k Repealed by 1973, 533:15, eff. July 1, 1973. –
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 292 - Voluntary Corporations and Associations › Section 292:8-kk - Reports Required.

292:8-kk Reports Required. –
I. When any institution of higher learning ceases the regular conduct of instruction, 2 certified transcripts and an electronic copy of the same for each student who was registered for instruction at the institution shall be forwarded to the commission together with a course catalogue for each year in which the institution operated, and an explanation of the institution's credit and grading system. The commission shall preserve these records for 50 years and upon request of the individual concerned, shall furnish a certified copy of the individual's record. The fee for each record so furnished to be paid to the commission shall be sufficient to cover related costs.
II. All transcript request fees collected by the commission under this section shall be deposited into the higher education fund established in RSA 21-N:8-a, III and shall be used for managing the storage and retrieval of closed school transcripts.
Source.
1969, 4:1. 1973, 533:13. 1979, 87:1. 2003, 235:4. 2004, 105:1. 2008, 338:9. 2011, 224:148. 2013, 164:5. 2014, 132:2, eff. June 16, 2014. 2019, 55:1, eff. Aug. 4, 2019.
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 292 - Voluntary Corporations and Associations › Section 292:8-l - Powers Extended.

292:8-l Powers Extended. –
Any non-profit corporation heretofore organized by special act of the legislature for purposes as set forth by RSA 292:1 may:
I. Change its name, eliminate any limitation on the assets it is authorized to hold, provide for distribution of its assets upon dissolution of the said corporation, by a majority vote of such corporation, unless otherwise provided by any such special act or the bylaws of any such corporation, at a meeting duly called for that purpose, and by recording a certified copy of such vote in the office of the secretary of state. The fee for recording said certified copy in the office of the secretary of state shall be $25.
II. Change its purpose by a majority vote of said corporation. A written notice of the proposed change shall be provided to the director of charitable trusts, department of justice and the notice of proposed changes shall be published in a newspaper of general circulation by the trustees at least 30 days before the vote is taken. The proposed change shall also be submitted for review by the probate court. If legal cause exists which would prevent the proposed change in purpose, the director of charitable trusts shall have 30 days to notify the corporation of any additional requirements. A certified copy of the vote shall be filed in the office of the secretary of state. The fee for recording said certified copy in the office of the secretary of state shall be $25. Nothing in this paragraph shall be construed to supercede the intent of RSA 7:19-RSA 7:32-a.
Source.
1967, 92:1. 2005, 282:1. 2006, 316:1, eff. July 1, 2006.
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 292 - Voluntary Corporations and Associations › Section 292:8-m - Homeowners' Associations.

[RSA 292:8-m effective January 1, 2024.]
292:8-m Homeowners' Associations. –
I. For any homeowners' association established under this chapter, except those associations that include ownership through timeshare, if more than 50 percent of the votes are acquired by a single person after developer control is terminated, a 2/3 majority shall be required to amend bylaws, budgets, and any contracted property management service.
II. No homeowners' association constituted under this chapter and approved by the planning board or similar land use body that has jurisdiction in the town or city in which the homeowners' association is located, shall be dissolved pursuant to the procedure in RSA 292:9 or RSA 292:10-a, prior to a hearing under RSA 676:2 before that same planning board or land use body.
Source.
2023, 114:1, eff. Jan. 1, 2024.
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 292 - Voluntary Corporations and Associations › Section 292:9 - Procedure.

292:9 Procedure. –
I. Any such corporation, or
1/4 of the members thereof, may apply by petition to the superior court, or in the case of a charitable corporation to the superior court or the probate court, in the county in which the corporation is located, for a decree of dissolution, or for such other relief as may be just; and the court, after due notice to all parties interested and a hearing, may decree that the corporation be dissolved, subject to such limitations and conditions as justice may require. The attorney general shall be notified and given an opportunity to be heard in all cases involving charitable corporations.
II. The court shall have the right to appoint a guardian ad litem in the event that any members or shareholders, or both, are unknown or have abandoned a stock interest or membership interest in the corporation. The guardian ad litem shall file a report with the court setting forth its findings with respect to: the attempt to notify the unknown shareholders or members or both; any response from the unknown shareholders or members or both; and the length of time since the date of last contact by the unknown shareholder or member with the corporation.
III. The court shall have the discretion, after reviewing the report of the guardian ad litem, to conclude the extent of the rights and interests of the shareholders or members, or both, who are unknown or have abandoned their interests.
IV. No member or shareholder shall be entitled to receive an amount from a dissolution of assets greater than the member's or shareholder's total contribution to capital or purchase price, or both, of membership certificates. Any and all funds which may be payable to members or shareholders, or both, who have been adjudicated to have abandoned their interests under this section shall revert to the corporation as capital assets.
Source.
1887, 72:1. 1891, 46:1. PS 147:10. PL 223:9. RL 272:8. RSA 292:9. 1991, 261:9. 1992, 284:5, eff. Jan. 1, 1993.
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 292 - Voluntary Corporations and Associations › Section 292:10 - Filing Order.

292:10 Filing Order. –
The corporation shall cause an attested copy of the decree of the court to be filed in the office of the secretary of state forthwith after it is made; and when such copy has been so filed, the corporate existence of the corporation shall terminate in accordance with the terms of such decree.
Source.
1887, 72:3. PS 147:11. PL 223:10. RL 272:9.
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 292 - Voluntary Corporations and Associations › Section 292:10-a - Dissolution by Vote.

292:10-a Dissolution by Vote. –
I. Except as provided in paragraph II, whenever
2/3 of the membership or voting stock or both of any such corporation shall have voted to dissolve the corporation, then said corporation shall be automatically dissolved upon the filing with the secretary of state of a statement signed under the penalties of perjury by the treasurer and a majority of the directors or trustees setting forth (a) that at least
2/3 of the members or stockholders voted dissolution; and (b) the plan for distribution of the corporation's assets and satisfaction of its obligations.
II. Whenever the voting membership of a church, organized under this chapter, shall have voted unanimously to dissolve the church, the church shall be automatically dissolved upon the filing with the secretary of state of a statement signed under the penalties of perjury by the treasurer and a majority of the directors or trustees setting forth (a) that all members eligible to vote voted dissolution; and (b) the plan for distribution of the church's assets and satisfaction of its obligations.
Source.
1977, 407:4. 1991, 261:10, eff. Jan. 1, 1992.
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 292 - Voluntary Corporations and Associations › Section 292:11 - Repealed by 1985, 339:16, I, eff. June 14, 1985.

292:11 Repealed by 1985, 339:16, I, eff. June 14, 1985. –
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 292 - Voluntary Corporations and Associations › Section 292:12 - Holding Property.

292:12 Holding Property. –
Unincorporated societies or lodges of Elks, Knights of Columbus, Knights of Pythias, Masons, Moose and Odd Fellows, or other similar fraternal organizations shall be corporations so far as may be necessary to take, hold, manage and use any gift or grant made to them as such and any gifts or grants heretofore made to any such societies or lodges are hereby fully ratified and confirmed to them in their aforesaid corporate capacity, and said societies, lodges, and organizations may sue and be sued in regard to such property in said corporate capacity.
Source.
1941, 175:1. RL 272:11.
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 292 - Voluntary Corporations and Associations › Section 292:13 - Deemed Corporations for What Purposes.

292:13 Deemed Corporations for What Purposes. –
The trustees or other similar officers of such societies or lodges shall be deemed bodies corporate for the purpose of taking and holding in succession grants and gifts whether of real or personal estate made either to them and their respective societies or lodges and said trustees or other similar officers with the consent of the societies or lodges may convey the lands or other property of such societies or lodges.
Source.
1941, 175:1. RL 272:12.
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 292 - Voluntary Corporations and Associations › Section 292:14 - Unincorporated Association Receiving and Using Donations.

292:14 Unincorporated Association Receiving and Using Donations. –
If a donation, grant or gift be made to any unincorporated association, society, foundation or similar organization, it shall be a corporation so far as may be necessary to take, hold, manage, use and convey any such donation, gift or grant made to it. Any donations, gifts or grants heretofore made to any such association, society, foundation or similar organization are hereby fully ratified and confirmed to them in their aforesaid corporate capacity, and said association, society, foundation or similar organization may sue and be sued in regard to such property in said corporate capacity. The directors, trustees or other similar officers of such unincorporated association, society, foundation or similar organization, if citizens of the United States, shall have the power of taking, holding and conveying in succession grants, gifts and donations whether real or personal estate made either to them and their successors or to their respective association, society, foundation or similar organization, or to their beneficiaries.
Source.
1953, 142:1, eff. May 8, 1953.
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 292 - Voluntary Corporations and Associations › Section 292:15 - Application of Subdivision.

292:15 Application of Subdivision. –
This subdivision applies to all churches, parishes, committees and other religious organizations governed by jurisdictions, archdioceses of any Orthodox Patriarchate, Synod or national church of the Orthodox Church (the One Holy Catholic and Apostolic Church), recognized by the apostolic historic Orthodox Patriarchates of Constantinople, Antioch, Moscow and Yugoslavia and in general to all churches, congregations, parishes, committees and other religious organizations founded or established with the intent and for the purpose of adhering to and maintaining the apostolic and historic communion, doctrine, discipline, canon law, tradition, worship and unity of the Orthodox Church.
Source.
1955, 88:1 par. 14, eff. April 21, 1955.
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 292 - Voluntary Corporations and Associations › Section 292:16 - Application for Incorporation.

292:16 Application for Incorporation. –
An unincorporated church, congregation, parish or any other religious organization may apply to the appropriate hierarch, archbishop, bishop or administrator for permission to incorporate under this article. When such permission has been granted in writing, it shall be attached to the certificate of incorporation.
Source.
1955, 88:1 par. 15, eff. April 21, 1955.
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 292 - Voluntary Corporations and Associations › Section 292:17 - Articles of Agreement.

292:17 Articles of Agreement. –
The articles of agreement shall be in the form provided by law for all religious corporations and must in addition recite therein that the purpose and intent of the corporation is to maintain, propagate, practice and forever perpetuate religious worship, services, sacraments and teachings in full accordance and unity with the doctrine, ritual, canon law, faith, practice, discipline, traditions and usages of the Orthodox Church and for the carrying out of the said purpose and intent to maintain a religious organization which will be adherent and obedient to the Orthodox ecclesiastical jurisdiction and authority and which shall recognize and remain subject to the duly appointed and canonical Orthodox hierarch, archbishop, bishop or administrator appropriate for the Orthodox communicant members comprising the same.
Source.
1955, 88:1 par. 16, eff. April 21, 1955.
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 292 - Voluntary Corporations and Associations › Section 292:18 - Charitable Corporations.

292:18 Charitable Corporations. –
Any charitable corporation organized under an act of the legislature or organized or registered in accordance with state law is empowered through its trustees or directors to establish, maintain and operate common trust funds as provided herewith under the appropriate standard of investment applicable to it.
Source.
1955, 160:1 par. 17. RSA 292:18. 1988, 93:6, eff. April 18, 1988.
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 292 - Voluntary Corporations and Associations › Section 292:19 - Collective Investments.

292:19 Collective Investments. –
Said charitable corporation may combine money and property belonging to various trusts in its care for the purpose of facilitating investments, providing diversification and obtaining a reasonable income; provided, however, that the participating contributory interest of said trusts shall be properly evidenced by appropriate bookkeeping entries showing on an annual basis the capital contribution of and the profit and income allocable to each trust; and provided, further, that not more than 10 percent of the fund shall be invested in the obligations of any one corporation or organization, excepting deposits in savings banks, obligations of the United States and of the state of New Hampshire and its subdivisions; and provided, further, that nothing herein shall be construed to authorize the investment of funds of a trust in any manner not authorized by law.
Source.
1955, 160:1 par. 18, eff. Jan. 1, 1956.
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 292 - Voluntary Corporations and Associations › Section 292:20 - Exception.

292:20 Exception. –
The provisions of RSA 292:19 shall not apply where the instrument creating the particular trust specifically prohibits collective investment or where such an investment shall violate any specific court order made in any particular trust.
Source.
1955, 160:1 par. 20, eff. Jan. 1, 1956.
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 292 - Voluntary Corporations and Associations › Section 292:21 - Contributions and Withdrawals.

292:21 Contributions and Withdrawals. –
Contributions to any common trust fund shall be made on the basis of its market value at the time such contribution is recorded in the books of the trustees. The withdrawal of a particular trust fund from any common trust fund shall be made proportionately on the basis of the market value of said common trust fund at the time such withdrawal is recorded in the books of the trustees.
Source.
1955, 160:1 par. 19, eff. Jan. 1, 1956.
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 292 - Voluntary Corporations and Associations › Section 292:22 - Legislative Amendment.

292:22 Legislative Amendment. –
The legislature may at any time alter, amend or repeal the charter of any voluntary corporation or the laws under which it was established, or may modify or annul any of its franchises, duties and liability; but the remedy against the corporation for any liability previously incurred shall not be impaired thereby.
Source.
1969, 33:1, eff. May 6, 1969.
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 292 - Voluntary Corporations and Associations › Section 292:24 - Charters of Voluntary Corporations Created by Legislative Act.

292:24 Charters of Voluntary Corporations Created by Legislative Act. –
Every voluntary corporation created by an act of the legislature which is a private foundation as defined in section 509(a) of the United States Internal Revenue Code of 1954, and which is in existence on the effective date of this section, or which is thereafter created by an act of the legislature, is subject to the following provisions, whether they are set forth in the legislative charter or not:
I. A corporation which is a "private foundation" as defined in section 509(a) of the Internal Revenue Code of 1954, shall not:
(a) Engage in any act of "self-dealing" (as defined in section 4941(d) of the Internal Revenue Code of 1954), which would give rise to any liability for the tax imposed by section 4941(a) of the Internal Revenue Code of 1954;
(b) Retain any "excess business holdings" (as defined in section 4943(c) of the Internal Revenue Code of 1954), which would give rise to any liability for the tax imposed by section 4943(a) of the Internal Revenue Code of 1954;
(c) Make any investment which would jeopardize the carrying out of any of its exempt purposes, within the meaning of section 4944 of the Internal Revenue Code of 1954, so as to give rise to any liability for the tax imposed by section 4944(a) of the Internal Revenue Code of 1954; or,
(d) Make any "taxable expenditures" (as defined in section 4945(d) of the Internal Revenue Code of 1954) which would give rise to any liability for the tax imposed by section 4945(a) of the Internal Revenue Code of 1954.
II. Each corporation which is a "private foundation" as defined in section 509 of the Internal Revenue Code of 1954 shall distribute, for the purposes specified in the act of incorporation, for each taxable year, amounts at least sufficient to avoid liability for the tax imposed by section 4942(a) of the Internal Revenue Code of 1954.
III. Nothing in this subdivision impairs the rights and powers of the courts or of the attorney general with respect to any corporation.
IV. All references to sections of the Internal Revenue Code of 1954 include amendments to those sections which are made after the effective date of this section, and include all corresponding provisions of any United States internal revenue laws which replace the Internal Revenue Code of 1954.
Source.
1971, 379:1, eff. Aug. 27, 1971.
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 292 - Voluntary Corporations and Associations › Section 292:25 - Renewal Required.

292:25 Renewal Required. –
I. Every corporation organized under this chapter or by act of the legislature shall, during the calendar year 1990, and every 5 years thereafter, make a return in writing to the secretary of state upon blanks to be furnished by him and shall pay a fee of $25. The return shall be signed by the president or other officer of said corporation. The return shall state the corporation's principal address and the names and addresses of all the officers and directors or the governing board of the corporation. Any corporation which does not renew its charter as provided in this subdivision shall have its charter repealed, revoked and annulled; shall lose any right or title to the name under which it was incorporated; and shall be so advised in writing by the secretary of state.
II. The disposition of any corporate assets of any corporation that is dissolved under this section shall be performed in accordance with RSA 292:29.
Source.
1975, 95:1. 1985, 339:2. 1988, 93:7. 1989, 408:65. 1991, 261:11, eff. Jan. 1, 1992.
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 292 - Voluntary Corporations and Associations › Section 292:26 - Repealed by 1988, 93:10, eff. April 18, 1988.

292:26 Repealed by 1988, 93:10, eff. April 18, 1988. –
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 292 - Voluntary Corporations and Associations › Section 292:27 - Repealed by 1985, 339:16, II, eff. June 14, 1985.

292:27 Repealed by 1985, 339:16, II, eff. June 14, 1985. –
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 292 - Voluntary Corporations and Associations › Section 292:28 - Repealed by 1985, 339:16, III, eff. June 14, 1985.

292:28 Repealed by 1985, 339:16, III, eff. June 14, 1985. –
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 292 - Voluntary Corporations and Associations › Section 292:29 - Disposition of Corporate Assets.

292:29 Disposition of Corporate Assets. –
I. Any corporation whose charter is repealed, revoked and annulled pursuant to this subdivision shall, nevertheless, continue as a body corporate for the term of 3 years from the date such charter is repealed, revoked and annulled for the purpose of presenting and defending suits by or against it and of closing and settling its concerns and distributing its assets, including the disposition and transfer of all corporate assets and property, subject to paragraphs II and III.
II. For the purpose of any suit or action by or against any such corporation, pending at the end of said term of 3 years, such corporation shall continue as a body corporate until 90 days after final judgment or decree in such suit or action.
III. The superior court may at any time when it shall be made to appear, upon the petition of any interested party, that the protection of proprietary or other rights requires the doing of any act or thing by or in behalf of any such corporation, order the doing of such acts or things, and for this purpose may appoint and authorize an agent to act for and in the name of such corporation, and any action so ordered and done shall be effective corporate action. The probate court shall have concurrent jurisdiction with the superior court to grant relief in the case of petitions involving charitable corporations brought under this section. The attorney general shall be notified and given an opportunity to be heard in all cases involving charitable corporations.
IV. All corporate assets and property are to be disposed of in accordance with the provisions for dissolution as set forth in the articles of agreement, the bylaws, and in accordance with RSA 292:8 and 292:9.
Source.
1975, 95:1. 1991, 261:12, 13. 1992, 284:6, eff. Jan. 1, 1993.
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 292-B - Uniform Prudent Management of Institutional Funds Act › Section 292-B:1 - Short Title.

292-B:1 Short Title. –
This act may be cited as the Uniform Prudent Management of Institutional Funds Act.
Source.
2008, 75:1, eff. July 1, 2008.
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 292-B - Uniform Prudent Management of Institutional Funds Act › Section 292-B:2 - Definitions.

292-B:2 Definitions. –
In this chapter:
I. "Charitable purpose" means the relief of poverty, the advancement of education or religion, the promotion of health, the promotion of a governmental purpose, or any other purpose the achievement of which is beneficial to the community.
II. "Endowment fund" means an institutional fund or part thereof that, under the terms of a gift instrument, is not wholly expendable by the institution on a current basis. The term does not include assets that an institution designates as an endowment fund for its own use.
III. "Gift instrument" means a record or records, including an institutional solicitation, under which property is granted to, transferred to, or held by an institution as an institutional fund.
IV. "Institution" means:
(a) A person, other than an individual, organized and operated exclusively for charitable purposes;
(b) A government or governmental subdivision, agency, or instrumentality, to the extent that it holds funds exclusively for a charitable purpose; or
(c) A trust that had both charitable and noncharitable interests, after all noncharitable interests have terminated.
V. "Institutional fund" means a fund held by an institution exclusively for charitable purposes. The term does not include:
(a) Program-related assets;
(b) A fund held for an institution by a trustee that is not an institution, unless the court has ordered, pursuant to RSA 292-B:6, V, the adoption of the provisions of this chapter with respect to that fund;
(c) A fund in which a beneficiary that is not an institution has an interest, other than an interest that could arise upon violation or failure of the purposes of the fund; or
(d) A fund held by a town or other municipality under RSA 31:19, RSA 202-A:23, unless the court has ordered, pursuant to RSA 292-B:6, V, the adoption of the provisions of this chapter with respect to that fund.
VI. "Person" means an individual, corporation, business trust, estate, trust, partnership, limited liability company, association, joint venture, public corporation, government or governmental subdivision, agency, or instrumentality, or any other legal or commercial entity.
VII. "Program-related asset" means an asset held by an institution primarily to accomplish a charitable purpose of the institution and not primarily for investment.
VIII. "Record" means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form.
Source.
2008, 75:1, eff. July 1, 2008. 2019, 198:1, eff. Sept. 8, 2019.
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 292-B - Uniform Prudent Management of Institutional Funds Act › Section 292-B:5 - Delegation of Management and Investment Functions.

292-B:5 Delegation of Management and Investment Functions. –
I. Subject to any specific limitation set forth in a gift instrument or in law other than this chapter, an institution may delegate to an external agent the management and investment of an institutional fund to the extent that an institution could prudently delegate under the circumstances. An institution shall act in good faith, with the care that an ordinarily prudent person in a like position would exercise under similar circumstances, in:
(a) Selecting an agent;
(b) Establishing the scope and terms of the delegation, consistent with the purposes of the institution and the institutional fund; and
(c) Periodically reviewing the agent's actions in order to monitor the agent's performance and compliance with the scope and terms of the delegation.
II. In performing a delegated function, an agent owes a duty to the institution to exercise reasonable care to comply with the scope and terms of the delegation.
III. An institution that complies with paragraph I is not liable for the decisions or actions of an agent to which the function was delegated.
IV. By accepting delegation of a management or investment function from an institution that is subject to the laws of this state, an agent submits to the jurisdiction of the courts of this state in all proceedings arising from or related to the delegation or the performance of the delegated function.
V. An institution may delegate management and investment functions to its committees, officers, or employees as authorized by law of this state other than this chapter.
Source.
2008, 75:1, eff. July 1, 2008.
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 292-B - Uniform Prudent Management of Institutional Funds Act › Section 292-B:7 - Reviewing Compliance.

292-B:7 Reviewing Compliance. –
Compliance with this chapter is determined in light of the facts and circumstances existing at the time a decision is made or action is taken, and not by hindsight.
Source.
2008, 75:1, eff. July 1, 2008.
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 292-B - Uniform Prudent Management of Institutional Funds Act › Section 292-B:8 - Application to Existing Institutional Funds.

292-B:8 Application to Existing Institutional Funds. –
This chapter applies to institutional funds existing on or established after July 1, 2008. As applied to institutional funds existing on July 1, 2008, this chapter governs only decisions made or actions taken on or after that date.
Source.
2008, 75:1, eff. July 1, 2008.
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 292-B - Uniform Prudent Management of Institutional Funds Act › Section 292-B:9 - Relation to Electronic Signatures in Global and National Commerce Act.

292-B:9 Relation to Electronic Signatures in Global and National Commerce Act. –
This chapter modifies, limits, and supersedes the Electronic Signatures in Global and National Commerce Act, 15 U.S.C. section 7001 et seq., but does not modify, limit, or supersede section 101 of that act, 15 U.S.C. section 7001(a), or authorize electronic delivery of any of the notices described in section 103 of that act, 15 U.S.C. section 7003(b).
Source.
2008, 75:1, eff. July 1, 2008.
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 292-B - Uniform Prudent Management of Institutional Funds Act › Section 292-B:10 - Uniformity of Application and Construction.

292-B:10 Uniformity of Application and Construction. –
In applying and construing this uniform act, consideration must be given to the need to promote uniformity of the law with respect to its subject matter among states that enact it.
Source.
2008, 75:1, eff. July 1, 2008.
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 293 - Corporate Charters › Section 293:1 - Local Corporations.

293:1 Local Corporations. –
Within 30 days after the close of any session of the legislature, parties procuring the passage of any act at that session incorporating, or renewing the corporate powers of, a corporation which is to carry on its business and have its principal office in this state shall pay to the secretary of state a sum according to the nature of the corporation, as follows: savings banks, $100; other banks
1/10 of one percent and railroads and insurance companies
1/20 of one percent, upon the largest amount of capital authorized by the act; other corporations having for their object a division of profits, $50; and for every act in amendment of any such act, $25.
Source.
1877, 34:1. 1878, 28:1. GL 13:5. 1881, 101:1. PS 14:5. PL 13:5. RL 20:5. 1953, 78:1, eff. April 10, 1953.
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 293 - Corporate Charters › Section 293:2 - Other Corporations.

293:2 Other Corporations. –
Every corporation which is not to carry on its business and have its principal office in this state, obtaining a charter or an act increasing its capital stock from the legislature, shall pay to the secretary of state, within 30 days after the close of the session, a charter fee on the largest amount of the capital or increase of capital authorized by its charter, as follows: where the amount of said capital or increase does not exceed $25,000, $10; where it exceeds $25,000 and does not exceed $100,000, $25; where it exceeds $100,000 and does not exceed $500,000, $50; where it exceeds $500,000 and does not exceed $1,000,000, $100; where it exceeds $1,000,000, $200.
Source.
1889, 89:1. PS 14:6. 1895, 18:1. PL 13:6. RL 20:6. 1953, 78:2, eff. April 10, 1953.
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 293 - Corporate Charters › Section 293:3 - Nonpayment of Fees.

293:3 Nonpayment of Fees. –
Acts of the legislature which come within the provisions of the 2 preceding sections shall be void 30 days after notice from the secretary of state demanding payment of fees therein specified, if the payment of said sums is not made.
Source.
1877, 34:3. GL 13:7. PS 14:17. PL 13:7. RL 20:7. 1953, 78:3, eff. April 10, 1953.
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 293 - Corporate Charters › Section 293:4 - False Pretenses.

293:4 False Pretenses. –
If the parties procuring the passage of any act of incorporation, or renewal thereof, shall falsely pretend that the corporation is to carry on its business and have its principal office in this state for the purpose of avoiding the charter fee in whole or in part, the act shall thereby be rendered void.
Source.
1889, 89:2. PS 14:8. PL 13:8. RL 20:8.
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 293 - Corporate Charters › Section 293:5 - Stockholders' Liability.

293:5 Stockholders' Liability. –
If the charter of a corporation is rendered void by any of the provisions of the 2 preceding sections, the stockholders thereof shall be liable as partners, and no suit against any of said stockholders shall abate by reason of the nonjoinder of others.
Source.
1877, 34:3. GL 13:7. 1889, 89:2. PS 14:9. PL 13:9. RL 20:9.
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 293 - Corporate Charters › Section 293:6 - Prosecutions.

293:6 Prosecutions. –
It shall be the duty of the attorney general to institute and prosecute to final judgment proceedings to have declared void the charter of any corporation when made so by the provisions of this chapter, and such remedy shall be cumulative.
Source.
PS 14:10. PL 13:10. RL 20:10.
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 293-A - New Hampshire Business Corporation Act › Section 293-A:1.01 - Short Title.

293-A:1.01 Short Title. –
This chapter shall be known and may be cited as the "New Hampshire Business Corporation Act."
Source.
2013, 142:1, eff. Jan. 1, 2014.
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 293-A - New Hampshire Business Corporation Act › Section 293-A:1.02 - Reservation of Power to Amend or Repeal.

293-A:1.02 Reservation of Power to Amend or Repeal. –
The general court has power to amend or repeal all or part of this chapter at any time and all domestic and foreign corporations subject to this chapter are governed by the amendment or repeal.
Source.
2013, 142:1, eff. Jan. 1, 2014.
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 293-A - New Hampshire Business Corporation Act › Section 293-A:1.21 - Forms.

293-A:1.21 Forms. –
(a) The secretary of state may prescribe and furnish on request forms for:
(1) an application for a certificate of existence.
(2) a foreign corporation's application for a certificate of authority to transact business in this state.
(3) a foreign corporation's application for a certificate of withdrawal.
(4) the annual report.
If the secretary of state so requires, use of these forms is mandatory.
(b) The secretary of state may prescribe and furnish on request forms for other documents required or permitted to be filed by this chapter but their use is not mandatory.
Source.
2013, 142:1, eff. Jan. 1, 2014.
2023 New Hampshire Revised Statutes › Title XXVII - Corporations, Associations, and Proprietors of Common Lands › Chapter 293-A - New Hampshire Business Corporation Act › Section 293-A:1.21-a - Online Filing.

293-A:1.21-a Online Filing. –
No later than January 1, 2020, the secretary of state shall provide for and allow the online filing of all forms, certificates, or other documents required under this subdivision.
Source.
2018, 279:11, eff. Jan. 1, 2019.