Section 304-D:3 – Prohibited Activities.
304-D:3 Prohibited Activities. – A professional limited liability company shall not engage in any profession or business other than the profession or professions and businesses permitted by its certificate of formation, except that a professional limited liability company may invest its funds in real estate, mortgages, stocks, bonds or any other type of investment. […]
Section 304-D:4 – General Powers.
304-D:4 General Powers. – A professional limited liability company shall have the powers enumerated in the laws of this state applicable to limited liability companies, except that a professional limited liability company may be a promoter, general partner, member, employee or manager only of a partnership, limited liability company, or corporation engaged only in […]
Section 304-C:205 – Domestication.
304-C:205 Domestication. – I. A foreign limited liability company may become a domestic limited liability company only if the domestication is permitted by the organic law of the foreign limited liability company. The laws of New Hampshire shall govern the effect of domesticating in New Hampshire pursuant to RSA 304-C:205 through RSA 304-C:210. II. […]
Section 304-C:206 – Action on a Plan of Domestication.
304-C:206 Action on a Plan of Domestication. – I. In the case of a domestication of a domestic limited liability company in a foreign jurisdiction: (a) If the approval of the members is to be given at a meeting, the limited liability company must notify each member, whether or not entitled to vote, of […]
Section 304-C:207 – Articles of Domestication.
304-C:207 Articles of Domestication. – I. After the domestication of a foreign limited liability company has been authorized as required by the laws of the foreign jurisdiction, articles of domestication shall be signed by any member or other duly authorized representative of the limited liability company. The articles shall set forth: (a) The name […]
Section 304-C:208 – Surrender of Charter Upon Domestication.
304-C:208 Surrender of Charter Upon Domestication. – I. Whenever a domestic limited liability company has adopted and approved, in the manner required by this subdivision, a plan of domestication providing for the limited liability company to be domesticated in a foreign jurisdiction, articles of charter surrender shall be signed on behalf of the limited […]
Section 304-C:209 – Effect of Domestication.
304-C:209 Effect of Domestication. – I. When a domestication of a foreign limited liability company in New Hampshire becomes effective: (a) The title to all real and personal property, both tangible and intangible, of the limited liability company remains in the limited liability company without reversion or impairment and the domestication shall not be […]
Section 304-C:210 – Abandonment of a Domestication.
304-C:210 Abandonment of a Domestication. – I. Unless otherwise provided in a plan of domestication of a domestic limited liability company, after the plan has been adopted and approved as required by this subdivision, and at any time before the domestication has become effective, it may be abandoned by the members. II. If a […]
Section 304-D:1 – Definition; Professional Service; Professional Limited Liability Companies.
304-D:1 Definition; Professional Service; Professional Limited Liability Companies. – In this chapter: I. "Disqualified person" means a natural person, corporation, partnership, fiduciary, trust, association, government agency, or other entity which for any reason is or becomes ineligible under this chapter to be a member of a professional limited liability company. II. "Domestic professional limited […]
Section 304-D:2 – Permissible Purposes of Professional Limited Liability Companies.
304-D:2 Permissible Purposes of Professional Limited Liability Companies. – I. Except as provided in RSA 304-D:2, II, professional limited liability companies may be organized under this chapter only for the purpose of rendering professional services, including necessary related services, within a single profession. II. A professional limited liability company may be formed for the […]