The New Hampshire Senate
Bipartisan, pro-business bill provides much needed update to New Hampshire's Business Corporation Act.
Concord, NH – Senate Majority Leader Jeb Bradley, R-Wolfeboro, prime sponsor of SB 41, applauded today’s unanimous Senate passage of legislation revising and updating the Business Corporation Act. “New Hampshire’s corporate statutes have fallen behind the curve in terms of usability, business friendliness, and how they interact with modern day technologies. This hampers the state’s ability to attract good, high-paying jobs,” said Bradley. “SB 41 will reverse that trend and move the Granite State to the front of the pack nationally.”
“The BIA commends the New Hampshire Senate for passing SB 41 today, which would update the New Hampshire Corporations Act,” said Jim Roche, president of the Business and Industry Association, New Hampshire’s statewide chamber of commerce and leading business advocate. “In 2011, our team of business attorneys, accountants, corporate counsels, and others well-versed in corporate law examined and recommended revisions to the act, which was first passed in 1992. We appreciate Senator Bradley's leadership and the unanimous, bipartisan support of his Senate colleagues in bringing forth this legislation with those recommendations. We want to do everything possible to promote business development and expansion in New Hampshire. Having an up-to-date corporations act will encourage businesses to do exactly that.”
Senator Bradley concluded, “This legislation is the result of the dedicated and diligent work of some of the best business minds in New Hampshire who, in partnership with the Secretary of State, have taken nationally recognized model legislation and shaped it into a uniquely New Hampshire bill that will update our code and attract new businesses to the state. I am proud to sponsor of this key, bipartisan, pro-business bill and look forward to its quick passage out of the House.”
Note: Attached please find a courtesy photo of Sen. Bradley speaking in support of SB41 on the floor of the Senate earlier today.