HB 1419 — establishing a committee to study whether a court with specialized jurisdiction over corporate, commercial, and equitable matters should be established.

HB 1419 - AS AMENDED BY THE SENATEHOUSE 12Mar2026...

0897h 05/07/2026 1767s SESSION 26-2321 07/09 HOUSE BILL 1419 AN ACT establishing a committeecommission to study whether a court with specialized jurisdiction over corporate, commercial, and equitable matters should be established.

Judiciary ───────────────────────────────────────────────────────────────── AMENDED ANALYSIS This bill establishes a committeecommission to study whether a court with specialized jurisdiction over corporate, commercial, and equitable matters should be established.

HB 1419 - AS AMENDED BY THE SENATEHOUSE 12Mar2026...

0897h 05/07/2026 1767s 26-2321 07/09 STATE OF NEW HAMPSHIRE In the Year of Our Lord Two Thousand Twenty-Six AN ACT establishing a committeecommission to study whether a court with specialized jurisdiction over corporate, commercial, and equitable matters should be established.

1 CommitteeShort Established.Title.

ThereThis isact establishedshall abe committeeknown toas study the feasibility,"Governance, benefits,Regulation, and risksNew ofHampshire establishingInnovation ain businessTrust courtand orEquity anCommission otherwiseAct" enhancedor businessthe docket"GRANITE withCommission specializedAct." jurisdiction2 overStatement corporate,of commercial,Findings. and equitable matters.

2The Membershipgeneral andcourt Compensation.hereby finds that:

TheDelaware’s memberscourt of thechancery, committeeand shallits consistcorporate oflaw threeframework, membershave ofestablished that state as the housepremier ofjurisdiction representatives,for appointedincorporation byand thecorporate speakergovernance ofin the houseUnited ofStates. representatives;

one of whom shall be a member of the minority party.

LegislativeNew membersHampshire ofhas the committeeauthority, shallinstitutions, receiveand mileagebusiness atenvironment theto legislativeposition rateitself whenas attendinga tonationally therecognized dutiesleader ofin thecorporate committee.law, governance, and dispute resolution.

3III. Duties.

TheA committeecomprehensive, shall:sustained effort is required to examine the establishment of a court of chancery, modernization of corporate statutes, and development of supporting institutions, including law school programs, judicial clerkships, and partnerships with business leaders.

3 New Section;

Courts;

Superior Court;

Court of Chancery and Corporate Law Study Commission.

Amend RSA 491 by inserting after section 25 the following new section:

491:26 Governance, Regulation, and New Hampshire Innovation in Trust and Equity Commission.

I.

There is hereby established a commission to study the feasibility, benefits, and risks of establishing a business court or an otherwise enhanced business docket with specialized jurisdiction over corporate, commercial, and equitable matters.

II.

 Notwithstanding RSA 14:49, II, the members of the commission shall be as follows:

(a) Three members of the house of representatives, appointed by the speaker of the house of representatives;

one of whom shall be members of the minority party;

(b) Two members of the senate, appointed by the president of the senate;

one of whom shall be a member of the minority party;

(c) The chief justice of the New Hampshire supreme court, or designee;

(d) The dean of the university of New Hampshire Franklin Pierce school of law, or designee;

(e) The secretary of state, or designee;

(f) The commissioner of the department of business and economic affairs, or designee;

(g) Two members with expertise in corporate law, corporate governance, economics, and/or state revenue policy, appointed by the governor;

and HB 1419 - AS AMENDED BY THE HOUSE - Page 2 - (h) Up to 3 additional members appointed jointly by the speaker of the house of representatives and the president of the senate.

III.

 Members of the commission shall serve on the commission without compensation or reimbursement.

IV.

The commission shall:

4V. Chairperson;

Quorum.  The members of the commission shall elect a chairperson from among the members.

The The membersfirst meeting of the studycommission committee shall electbe acalled chairpersonby fromthe amongfirst-named thesenate members.member.