N.H. Rev. Stat. § 564-F:10-1005

Current through Chapter 94 of the 2024 Legislative Session
Section 564-F:10-1005 - Appointment and Term
(a) The initial directors shall be appointed by:
(1) The organizers; or
(2) The founder.
(b) After the appointment of the initial directors, any additional or successor director shall be appointed:
(1) In accordance with the provisions of the governing documents governing the appointment of directors; or
(2) If the governing documents do not contain any provision for the appointment of directors, by:
(A) The directors; or
(B) An amendment of the governing documents.
(c) Unless the governing documents provide otherwise, the duration of a director's term shall be indefinite and shall terminate only upon:
(1) In the case of a director who is an individual, the director's incapacity, death, resignation, or removal; or
(2) In the case of a director that is an entity, the director's dissolution, resignation, or removal.

RSA 564-F:10-1005

Amended by 2018, 210:6, eff. 6/8/2018.
Added by 2017, 257:47, eff. 10/1/2017.

2017, 257:47, eff. Oct. 1, 2017. 2018, 210:6, eff. June 8, 2018.