New Hampshire Revised Statutes 293-A:6.22 – Liability of Shareholders
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(a) A purchaser from a corporation of its own shares is not liable to the corporation or its creditors with respect to the shares except to pay the consideration for which the shares were authorized to be issued (see N.H. Rev. Stat. § 293-A:6.21) or specified in the subscription agreement (see N.H. Rev. Stat. § 293-A:6.20).
(b) Unless otherwise provided in the articles of incorporation, a shareholder of a corporation is not personally liable for the acts or debts of the corporation except that he or she may become personally liable by reason of his or her own acts or conduct.
(b) Unless otherwise provided in the articles of incorporation, a shareholder of a corporation is not personally liable for the acts or debts of the corporation except that he or she may become personally liable by reason of his or her own acts or conduct.
Terms Used In New Hampshire Revised Statutes 293-A:6.22
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.