Business Corporations Act

2013 SB 41

    • Updated the NH Business Corporations Act which had not changed in twenty years;
    • Updated how corporations are formed, governed and dissolved;
    • Includes protections of shareholder rights;
    • Allows delivery of documents to the Secretary of State by electronic transmission;
    • Authorizes remote participation by shareholders at a shareholder meeting;
    • Simplifies the process for entities to convert to corporations, and for out of state corporations to re-domicile in New Hampshire.
    • Passed the House Commerce Committee unanimously;
    • Amended to include HB 668, written at the request of the Insurance Commissioner, to avoid disruption in the small group health insurance market;

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