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Cancellation of Shares.

RSA 294-A:13
in effect
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294-A:13. Cancellation of Shares. If the purchase, redemption, or transfer of the shares of a deceased or disqualified shareholder or of a transferee who is a disqualified person is not completed within 10 months after the death of the deceased shareholder or 5 months after the disqualification or transfer, the corporation shall immediately cancel the shares on its books and the disqualified person shall have no further interest as a shareholder in the corporation other than his right to payment for such shares under RSA 294-A:9-12. Source. 1981, 236:1, eff. Feb. 1, 1982.
Source: New Hampshire General Court (gc.nh.gov)URL: https://gc.nh.gov/rsa/html/XXVII/294-A/294-A-13.htmFetched: 10/20/2026

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