RSA 293-A:6.20 Subscription for Shares Before Incorporation.

Title: XXVII - CORPORATIONS, ASSOCIATIONS, AND PROPRIETORS OF COMMON LANDS Chapter: 293-A - NEW HAMPSHIRE BUSINESS CORPORATION ACT

(a) A subscription for shares entered into before incorporation is irrevocable for 6 months unless the subscription agreement provides a longer or shorter period or all the subscribers agree to revocation.
(b) The board of directors may determine the payment terms of subscription for shares that were entered into before incorporation, unless the subscription agreement specifies them. A call for payment by the board of directors must be uniform so far as practicable as to all shares of the same class or series, unless the subscription agreement specifies otherwise.
(c) Shares issued pursuant to subscriptions entered into before incorporation are fully paid and nonassessable when the corporation receives the consideration specified in the subscription agreement.
(d)

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