SB70 (2005) Detail

(New Title) relative to the powers of special corporations.


CHAPTER 282

SB 70 – FINAL VERSION

03/10/05 0349s

01Jun2005… 1566h

06/29/05 2028cofc

2005 SESSION

05-0402

01/09

SENATE BILL 70

AN ACT relative to the powers of special corporations.

SPONSORS: Sen. Larsen, Dist 15; Rep. DeJoie, Merr 11; Rep. Gile, Merr 10

COMMITTEE: Public and Municipal Affairs

AMENDED ANALYSIS

This bill establishes a procedure for non-profit corporations to extend their powers.

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

03/10/05 0349s

01Jun2005… 1566h

06/29/05 2028cofc

05-0402

01/09

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Five

AN ACT relative to the powers of special corporations.

Be it Enacted by the Senate and House of Representatives in General Court convened:

282:1 Special Corporations; Powers Extended. Amend RSA 292:8-l to read as follows:

292:8-l Powers Extended. Any non-profit corporation heretofore organized by special act of the legislature for purposes as set forth by RSA 292:1 may:

I. Change its name, [may] eliminate any limitation on the assets it is authorized to hold, [may] provide for distribution of its assets upon dissolution of the said corporation, by a majority vote of such corporation, unless otherwise provided by any such special act or the bylaws of any such corporation, at a meeting duly called for that purpose, and by recording a certified copy of such vote in the office of the secretary of state. The fee for recording said certified copy in the office of the secretary of state shall be $10.

II. Change its purpose by a majority vote of said corporation. A written notice of the proposed change shall be provided to the director of charitable trusts, department of justice and the notice of proposed changes shall be published in a newspaper of general circulation by the trustees at least 30 days before the vote is taken. The proposed change shall also be submitted for review by the probate court. If legal cause exists which would prevent the proposed change in purpose, the director of charitable trusts shall have 30 days to notify the corporation of any additional requirements. A certified copy of the vote shall be filed in the office of the secretary of state. The fee for recording said certified copy in the office of the secretary of state shall be $10. Nothing in this paragraph shall be construed to supercede the intent of RSA 7:19 – RSA 7:32-a.

282:2 Effective Date. This act shall take effect 60 days after its passage.

(Approved: July 22, 2005)

(Effective Date: September 20, 2005)

Links

SB70 at GenCourtMobile

Action Dates

Date Body Type

Bill Text Revisions

SB70 Revision: 9324 Date: Jan. 21, 2010, midnight

Docket