N.H. Rev. Stat. § 304-C:115
Current through Chapter 381 of the 2024 Legislative Session
An operating agreement may provide for the limitation or elimination of any and all liabilities for breach of contract and breach of duties, including fiduciary duties, of a member, manager, or other person to a limited liability company or to another member or manager, or to another person that is a party to or is otherwise bound by an operating agreement; provided, that an operating agreement may not limit or eliminate liability for any act or omission that constitutes a violation of the implied contractual covenant of good faith and fair dealing.
RSA 304-C:115
2012, 232:2, eff. Jan. 1, 2013.