MHHS · Business Corporations Act
Part 10 — Insider Trading
130 Civil liability of insiders
(a) sells to or purchases f rom a shareholder of the
corporation or any of its affiliates a security of the
corporation or any of its affiliates and in connection with
that sale or purchase makes use of any specific
confidential information for the insider's own benefit or
advantage that, if generally known, might reasonably be
expected to affect materially the value of the security, or
(b) trades in securities of another entity whose value is
significantly dependent on the value of the securities of
the corporation
is
(c) liable to compensate any person for any direct loss
suffered by that person as a result of the transaction,
unless the insider establishes that
RSA 2000
(i) the insider reasonably believed that the information
had been generally disclosed, or
(ii) the information was known, or ought reasonably to
have been known, by the seller or purchaser,
a n d
(d) accountable to the corpora tion for any direct benefit or
advantage received or receivable by the insider as a
result of the transaction unless the insider establishes the
circumstances described in clause (c)(i).
RSA 2000 cB-9 s130;2021 c18 s29