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Terms Used In New Hampshire Revised Statutes 367:1

  • 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.
  • state: when applied to different parts of the United States, may extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall include said district and territories. See New Hampshire Revised Statutes 21:4
Twenty-five or more persons, a majority of whom are residents of this state, may associate together by articles of agreement for the purpose of forming a corporation to construct, maintain and operate a railroad.