Current through Chapter 381 of the 2024 Legislative Session
Section 564-F:12-1205 - Appointment and Term(a) The initial protectors may be appointed by: (1) The organizers; or(2) The founder. (b) After the appointment of the initial protectors, any additional or successor protector shall be appointed: (1) In accordance with the provisions of the governing documents governing the appointment of protectors; or(2) If the governing documents do not contain any provision for the appointment of protectors, by: (A) The protectors; or (B) The court.(c) Unless the certificate of formation or bylaws provide otherwise, the duration of a protector's term shall be indefinite and shall terminate only upon: (1) The protector's resignation or removal; (2) In the case of protector who is an individual, the protector's incapacity or death; or(3) In the case of a protector that is an entity, the protector's dissolution.
RSA 564-F:12-1205
Amended by 2018, 210:7, eff. 6/8/2018.Added by 2017, 257:47, eff. 10/1/2017.