New Hampshire Revised Statutes 367:41 – Retirement of Stock
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Terms Used In New Hampshire Revised Statutes 367:41
- 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.
Whenever a corporation becomes the owner of any of its stock, under the provisions of this chapter, it shall sell or retire the same within 2 years after it becomes such owner. Unless it can sell the same at private sale for as much as it cost the corporation, it shall make the sale by auction, and may make it in the Boston market.