New Hampshire § 383-E-5-503 - Section 383-E:5-503 Terms of Directors and Officials.
Full text of New Hampshire New Hampshire Revised Statutes Annotated § 383-E-5-503 — Section 383-E:5-503 Terms of Directors and Officials., with citation guidance and answers to common questions.
§ 383-E-5-503. Section 383-E:5-503 Terms of Directors and Officials.
Directors and supervisory committee members shall be elected for a term of not less than one year nor more than 3 years, as provided in the bylaws. If the term of the directors or supervisory committee members or both is more than one year, the directors or supervisory committee members or both shall be divided into classes, each class to be as equal in number as possible, and one class of directors or supervisory committee members or both shall be elected each year. Except as provided in RSA 383-E:5-504, directors and supervisory committee members shall hold their several offices until others are elected and qualified in their stead. The members of the credit committee shall be appointed for a term not to exceed one year.
Source: official New Hampshire text · Last verified 2026-08-27
Frequently Asked Questions About New Hampshire § 383-E-5-503
What does New Hampshire Revised Statutes Annotated § 383-E-5-503 cover?
Section 383-E-5-503 ("Section 383-E:5-503 Terms of Directors and Officials.") is part of the New Hampshire Revised Statutes Annotated, the codified statutory law of New Hampshire. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Hampshire § 383-E-5-503?
A common citation format is "New Hampshire Revised Statutes Annotated § 383-E-5-503" (New Hampshire). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Hampshire law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Hampshire official source linked on this page or consult a licensed New Hampshire attorney.
How does New Hampshire § 383-E-5-503 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Hampshire can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Hampshire.