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Terms Used In New Hampshire Revised Statutes 516:15

  • 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.
  • Deposition: An oral statement made before an officer authorized by law to administer oaths. Such statements are often taken to examine potential witnesses, to obtain discovery, or to be used later in trial.
  • Summons: Another word for subpoena used by the criminal justice system.
  • Testify: Answer questions in court.
If any such director, officer or agent shall wilfully neglect or refuse to appear, produce books, records or papers, or to testify or give his deposition as required by such order or summons, the superior court, upon notice and hearing, may thereupon appoint a receiver to manage and control such corporation until the reasonable and just orders of the court shall be complied with, and when such orders shall have been complied with, such receiver shall be discharged.