New Hampshire does not have an independent worker cooperative statute; however, the act that establishes the New Hampshire Community Development Finance Authority defines an "employee cooperative."
Revised Statutes of the State of New Hampshire
Title XII. Public Safety and Welfare
Chapter 162-L. Community Development Finance Authority
§ 162-L:1 Definitions
In this chapter, the following terms shall have the following meanings, unless the context indicates another meaning or intent:
V. “Employee cooperative” means a corporation in which the power to elect at least ⅔ of the corporation's directors is held by the employees and in which such elections are held on a one person-one vote basis.
§ 162-L:4 Powers and Duties of the Authority
I. The authority shall have all the powers necessary and convenient to carry out and effectuate the purposes and provisions of this chapter and may:
(h) Issue grants to finance operating or other costs of community development corporations and employee cooperatives under RSA 162-L:5.
(i) Provide technical assistance to community development corporations, other nonprofit organizations involved in community development activities, and employee and other types of cooperatives.
(j) Invest in or lend to any community development corporation, other nonprofit organizations involved in community development, or employee or other type of cooperative for a specific project if the authority finds that the project meets the following conditions:
(1) The project shall be within the scope of this chapter and may reasonably be expected to contribute to the development or redevelopment and economic well-being of target areas or target populations, to contribute to the economic development of the state, or to increase or maintain threatened primary employment or to provide affordable housing opportunities to low and moderate income people. Strong preference is given to housing projects which provide for the permanent affordability of the housing units through such legal mechanisms as deed restrictions, equity limitation formulas, or land leases.
(2) The project shall conform to all applicable environmental, zoning, building, planning or sanitation laws.
(3) The project shall be of public benefit and for a public purpose. The benefits, including increased or maintained primary employment and improved standard of living, shall primarily accrue to a target area or target population.
(4) There shall be a reasonable expectation that the project will be successful.
(5) Private industry shall have not provided sufficient capital required for the project or sufficient primary employment opportunities in the project's area.
(6) The authority shall determine that its participation is necessary to the successful completion of the proposed project because adequate funding for the project is unavailable in the traditional capital markets or because credit has been offered on terms that would preclude the success of the project.
(7) The proceeds of the purchase or contract shall be used solely in connection with the costs of the project.
(8) Provision shall have been made by contract for adequate reporting of financial data from the community development corporation, other nonprofit organizations involved in community development, or employee or other cooperative to the authority. Such provisions may include a requirement for an annual or other periodic audit of the project books.
(9) Provision has been made that should the authority desire to sell or otherwise dispose of the capital participation instrument obtained by contract, the community development corporation, other nonprofit organizations involved in community development, or employee or other types of cooperatives, or its nominee, shall have for 120 days the right of first refusal upon the sale or disposal and the right to meet any subsequent bona fide offer by a third party.
(10) The project shall not result in a substantial increase in unemployment in the area of original location of any business or establishment relocated as part of the project.
§ 162-L:5 Technical Assistance; Grants
I. The authority shall provide technical assistance to community development corporations, other nonprofit organizations involved in community development, and employee and other types of cooperatives and to persons forming such organizations. Technical assistance includes, but is not limited to, assistance with respect to organizational development, economic development planning, community education, financial planning or packaging, the development of grant or other applications, market research, business plan development or review, management training, and such accounting and legal services as may be necessary to enhance or render effective any of the foregoing. Such assistance may be provided by the authority directly by staff or other agents of the authority or through contract with a third party.
II. The authority may award grants to community development corporations, other nonprofit organizations involved in community development activities, and employee and other types of cooperatives to fund their operating costs or other costs of projects including, but not limited to, costs incurred for planning, feasibility or other studies, consultants, technical assistance, or educational or publicity programs. The authority shall award the grants to further the purposes of this chapter. The authority shall review applications for grants based upon need, effectiveness in encouraging the development of community development corporations, other nonprofit organizations involved in community development activities, and employee or other types of cooperatives, effectiveness in assisting in the attainment of capital for the development of the operating area of the organization or cooperative, and the extent to which the grant will encourage the exchange of information among community development organizations and cooperatives.
V. “Employee cooperative” means a corporation in which the power to elect at least # of the corporation's directors is held by the employees and in which such elections are held on a one person-one vote basis.