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What does "Voluntary Corporation" in NH Mean?

When a lawyer back in 2012 referred to Alton Shores Association as a "voluntary corporation", this is what they were referring to. There has been a lot of misinformation about what "voluntary corporation" means:


Under New Hampshire law, a voluntary corporation is simply the state’s legal term for a nonprofit corporation - which the ASA is.

  • The governing statute is NH RSA Chapter 292 – Voluntary Corporations and Associations. https://gc.nh.gov/rsa/html/XXVII/292/292-mrg.htm

  • The law allows people to form a corporation without capital stock for charitable, educational, social, or similar purposes.

  • The organization is a nonprofit corporation created voluntarily by its founders.

  • Once formed, the corporation operates under its articles of agreement and bylaws, which can establish membership requirements, dues, and governance rules.

 
 
 

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