16 Corporate rights and powers
corporation
(a) vest in the corporation power
(i) to sue in its corporate name,
(ii) to contract and be contract ed with by its corporate name,
(iii) to have a common seal a nd to alter or change it at
pleasure,
(iv) to have perpetual succession,
(v) to acquire and hold real property and personal property
for the purposes for which the corporation is established
and to dispose of the real property or personal property
at pleasure, and
(vi) to regulate its own procedure and business;
(b) make the corporation liable to be sued in its corporate name;
(c) vest in a majority of the members of the corporation the
power to bind the others by their acts;
(d) exempt from personal liab ility for its debts, obligations or
acts those individual members of a corporation that is not an
unlimited liability corporation as defined in the Business
RSA 2000
Corporations Act who do not contravene the provisions of
the enactment establishing the corporation;
(e) in the case of a corporation having a name consisting of a n
English and a French form or a combined English and
French form, vest in the corporation power to use either the
English or French form of its name, or both forms, and to
show on its seal both the English and French forms of its
name or to have 2 seals, one showing the English and the
other showing the French form of its name.
RSA 2000 cI-8 s16;2005 c8 s61