TITLE XXVII CORPORATIONS, ASSOCIATIONS, AND PROPRIETORS OF COMMON LANDS
CHAPTER 293-A NEW HAMPSHIRE BUSINESS CORPORATION ACT
Shares and Distributions
Subchapter C. Subsequent Acquisition of Shares by Shareholders and Corporation
Section 293-A:6.31
293-A:6.31 Corporation's Acquisition of Its Own Shares.
(a) A corporation may acquire its own shares, and shares so acquired constitute authorized but unissued shares.
(b) If the articles of incorporation prohibit the reissue of the acquired shares, the number of authorized shares is reduced by the number of shares acquired.