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RSA 294-A:13 · Cancellation of Shares

294-A:13 Cancellation of Shares. – If the purchase, redemption, or transfer of the shares of a deceased or disqualified shareholder or of a transferee who is a disqualified person is not completed within 10 months after the death of the deceased shareholder or 5 months after the disqualification or transfer, the corporation shall immediately cancel the shares on its books and the disqualified person shall have no further interest as a shareholder in the corporation other than his right to payment for such shares under RSA 294-A:9-12. Source. 1981, 236:1, eff. Feb. 1, 1982.

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Source note

Source. 1981, 236:1, eff. Feb. 1, 1982.

Source history

  • 1981, 236:1, eff. Feb. 1, 1982

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Bill relationships

  • 2026 HB1825 reference · effective 2027-01-01

    ilty of a misdemeanor. The word “corporation” as used in this section shall not include a corporation of attorneys organized as a professional association under the provisions of RSA 294-A. II. Nothing in this section shall be construed to prohibit representation under RSA 503:11. 311:13 Permissible Enforcement Against Unauthorized Practice of Law. I. The attorney general may, upon receiving a c

  • 2026 HB1825-FN-A reference · effective 2027-01-01

    ilty of a misdemeanor. The word “corporation” as used in this section shall not include a corporation of attorneys organized as a professional association under the provisions of RSA 294-A. II. Nothing in this section shall be construed to prohibit representation under RSA 503:11. 311:13 Permissible Enforcement Against Unauthorized Practice of Law. I. The attorney general may, upon receiving a c