Jenot v. White Mountain Acceptance Corp.

The questions presented in this appeal are whether a former shareholder of a dissolved corporation can foreclose a mortgage given to the corporation, and enforce the promissory note secured by that mortgage, after the three-year corporation continuance period provided by RSA 293-A:95, 1(c) (Supp. 1983) has elapsed, see also RSA 293-A:106 (Supp. 1983), and, if so, whether the action is barred by the equitable doctrine of laches. The Superior Court (Pappagianis, J.) discharged the mortgage and promissory note and, alternatively, found that any action brought to foreclose *705the mortgage and…