The directors, to be chosen annually by the stockholders, shall not be less than 3, unless otherwise authorized by the charter, and one of them at least shall be an actual resident of this state, if the corporation has any stockholders residing in the state. They shall hold office for one year and until others are chosen and qualified in their stead, and one of them shall be chosen president by the corporation or by the directors, as the charter or bylaws may prescribe.
N.H. Rev. Stat. Ann. § 296:3
Directors; President
Applied in 1 court decision — leading case Lundquist v. Precision Valley Aviation, Inc. (1991)
Most recently applied in Lundquist v. Precision Valley Aviation, Inc. (October 1991)
Source
Official source: New Hampshire General Court. Reproduced from public-domain New Hampshire statutes; confirm against the official source for the current text. Not legal advice.