RSA 293-A:13.40 Other Remedies Limited.
Title: XXVII - CORPORATIONS, ASSOCIATIONS, AND PROPRIETORS OF COMMON LANDS
Chapter: 293-A - NEW HAMPSHIRE BUSINESS CORPORATION ACT
(a) The legality of a proposed or completed corporate action described in RSA 293-A:13.02(a) may not be contested, nor may the corporate action be enjoined, set aside or rescinded, in a legal or equitable proceeding by a shareholder after the shareholders have approved the corporate action.
(b) RSA 293-A:13.40(a) does not apply to a corporate action that:
(1) was not authorized and approved in accordance with the applicable provisions of:
(i) subdivisions 9, 10, 11, or 12 of RSA 293-A,
(ii) the articles of incorporation or bylaws, or
(iii) the resolution of the board of directors authorizing the corporate action;
(2) was procured as a result of fraud, a material misrepresentation, or an omission of a material fact necessary to make statements made