N.H. Rev. Stat. § 304-C:111

Current through Chapter 43 of the 2024 Legislative Session (with exception of Chapter 41 which is not yet available)

Section 304-C:111 - Implied Contractual Covenant of Good Faith and Fair Dealing

I. Managers shall comply with the implied contractual covenant of good faith and fair dealing.

II. The implied contractual covenant of good faith and fair dealing shall include a duty to use reasonable efforts to meet the reasonable expectations of the limited liability company and of the members on matters within the scope of the operating agreement but not specifically addressed in it.

RSA 304-C:111

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

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