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RSA 293-A:13.40 · Other Remedies Limited
293-A:13.40 Other Remedies Limited. –
Copy linkThe legality of a proposed or completed corporate action described in RSA 293-A:13.02(a) may not be contested, nor may the corporate action be enjoined, set aside or rescinded, in a legal or equitable proceeding by a shareholder after the shareholders have approved the corporate action.
Copy linkwas procured as a result of fraud, a material misrepresentation, or an omission of a material fact necessary to make statements made, in light of the circumstances in which they were made, not misleading;
Copy linkis an interested transaction, unless it has been recommended by the board of directors in the same manner as is provided in RSA 293-A:8.62 and has been approved by the shareholders in the same manner as is provided in RSA 293-A:8.63 as if the interested transaction were a director's conflicting interest transaction; or
Copy linkis approved by less than unanimous consent of the voting shareholders pursuant to RSA 293-A:7.04 if:
Copy linkthe challenge to the corporate action is brought by a shareholder who did not consent and as to whom notice of the approval of the corporate action was not effective at least 10 days before the corporate action was effected; and
Copy linkthe proceeding challenging the corporate action is commenced within 10 days after notice of the approval of the corporate action is effective as to the shareholder bringing the proceeding. Source. 2013, 142:1, eff. Jan. 1, 2014. Subchapter A. Voluntary Dissolution Dissolution
Copy linkSource note
Source. 2013, 142:1, eff. Jan. 1, 2014. Subchapter A. Voluntary Dissolution Dissolution
Source history
- 2013, 142:1, eff. Jan. 1, 2014. Subchapter A. Voluntary Dissolution Dissolution
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