Part 5 — Membership and Shares Division 1 Membership
81 Shares without nominal or par value
limited by guarantee and having a share capital, may provide for
RSA 2000
the creation of the shares in the capital of the company without
nominal or par value, and if it provides for preferred shares having
a preference as to principal in addition to shares without nominal or
par value, it shall state the amount of the preferred shares, the
particular character of the preference and the amount of each
preferred share, which shall be $1 or a multiple thereof.
(2) Every certificate of shares without nominal or par value shall
have plainly stated on its face the number of those shares that it
represents and the number of those shares that the company is
authorized to issue, and no such certificate shall express any
nominal or par value for those shares.
(3) The issue and allotment of shares without nominal or par value
authorized by this section may be made from time to time for the
consideration that may be prescribed in the memorandum or
articles, or that may be fixed by the board of directors in default of
or subject to such prescription.
(4) Any and all shares without nominal or par value and issued as
authorized by this section shall be deemed fully paid and
non-assessable and the holder of any such shares is not liable to the
company or to its creditors in respect thereof.
(5) For the purpose of the computation of the prescribed fees, the
memorandum or articles may state the maximum price or
consideration for which shares without nominal or par value may
be issued, and the authorized capital of every company having
shares without nominal or par value, shall, for the purpose of this
and all other Acts, be the capital as ascertained under the
regulations.
RSA 2000 cC-21 s81;2020 c25 s2(45)