295:3 Powers. – Every such corporation may admit associates and members, and for just cause remove them; may elect all necessary officers, define their duties and fix their compensation; may have a common seal, and change the same at pleasure; may sue and be sued, appear, prosecute and defend in the corporate name to final judgment and execution, and appoint agents and attorneys for that purpose; and shall have perpetual succession, unless incorporated or formed for a limited term or dissolved as provided by law. Source. RS 145:4, 9. CS 152:4, 7. GS 133:3. GL 147:3. PS 148:3. PL 226:3. RL 275:3.
New Hampshire Legal Code