MHHS · Business Corporations Act
Part 5 — Corporate Finance
33 Exception
hold shares in itself or in its holding body corporate unless it or the
holding body corporate or a subsidiary of either of them has a
beneficial interest in the shares.
(2) A corporation may hold shares in itself or in its holding body
corporate by way of security for the purposes of a transaction
entered into by it in the ordinary course of a business that includes
the lending of money.
(3) A corporation holding shares in itself or in its holding body
corporate shall not vote or permit those shares to be voted unless
the corporation
(a) holds the shares in the capacity of a legal representative , and
(b) has complied with section 153.
(4) A corporation shall not permit any of its subsidiary bodies
corporate holding shares in the corporation to vote those shares or
RSA 2000
permit those shares to be voted unless the subsidiary body
corporate satisfies the requirements of subsection (3).
RSA 2000 cB-9 s33;2005 c8 s15