TITLE XXVII CORPORATIONS, ASSOCIATIONS, AND PROPRIETORS OF COMMON LANDS
CHAPTER 293 CORPORATE CHARTERS
Avoidance of Charters for Nonpayment, Fraud, Etc.
Section 293:5
293:5 Stockholders' Liability. –
If the charter of a corporation is rendered void by any of the provisions of the 2 preceding sections, the stockholders thereof shall be liable as partners, and no suit against any of said stockholders shall abate by reason of the nonjoinder of others.