N.H. Rev. Stat. § 564-F:18-1808

Current through Chapter 381 of the 2024 Legislative Session
Section 564-F:18-1808 - Exculpation of a Foundation Official
(a) Subject to subsection (b), a provision of the governing documents relieving a foundation official of liability for breach of duty is enforceable except to the extent that the provision relieves the foundation official of liability for a breach of duty for:
(1) Failing to act in good faith; or
(2) Acting with reckless indifference to the foundation's purposes or the beneficiaries' interests.
(b) A provision of the governing documents relieving a foundation official of liability for breach of duty is unenforceable if the provision was inserted as the result of an abuse by the foundation official of a fiduciary or confidential relationship to the founder.

RSA 564-F:18-1808

Added by 2017, 257:47, eff. 10/1/2017.

2017, 257:47, eff. Oct. 1, 2017.