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§ 296.31 — New Hampshire Law | CourtGPT
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  4. Title Xxvii - Corporations, Associations, and Proprietors of Common Lands/
  5. Chapter 296 - Dividend-paying Corporations/
  6. § 296.31
New Hampshire Legal Code

§ 296.31

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296:31 Payment for Stock. – No note or obligation given by a stockholder, whether secured by pledge or otherwise, shall be considered as payment for any part of the capital stock. Source. 1846, 321:2. CS 147:1. GS 135:9. GL 149:9. PS 150:9. PL 228:4. RL 277:4.