N.H. Rev. Stat. § 304-C:114

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

Section 304-C:114 - Remedies for Breaches of Operating Agreements by Managers

I. An operating agreement may provide that a manager who fails to perform in accordance with, or to comply with the terms and conditions of, the operating agreement shall be subject to specified penalties or specified consequences; and

II. An operating agreement may provide that at the time or upon the occurrence of events specified in the operating agreement, a manager shall be subject to specified penalties or consequences.

RSA 304-C:114

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

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