N.H. Rev. Stat. § 304-C:108

Current through Chapter 8 of the 2024 Legislative Session

Section 304-C:108 - Duty and Standard of Care

I. Unless the operating agreement provides otherwise, managers shall have a duty of care to the limited liability company and to the members.

II. Unless the operating agreement provides otherwise, managers shall discharge their management duties with the care that a person in a like position would reasonably believe appropriate under similar circumstances.

RSA 304-C:108

Entire chapter added by 2012, 232:2, eff. 1/1/2013.

2012, 232:2, eff. Jan. 1, 2013.