N.H. Rev. Stat. § 564-F:18-1809

Current through Chapter 381 of the 2024 Legislative Session
Section 564-F:18-1809 - Beneficiary's Consent, Release, or Ratification
(a) Subject to subsection (b), a foundation official is not liable to a beneficiary for breach of duty if the beneficiary:
(1) Consented to the conduct constituting the breach of duty;
(2) Released the foundation official from liability for the breach of duty; or
(3) Ratified the transaction constituting the breach of duty.
(b) For purposes of subsection (a), a beneficiary's consent, release, or ratification is invalid if:
(1) In making the consent, release, or ratification, the beneficiary was induced by a foundation official's improper conduct; or
(2) At the time of making the consent, release, or ratification, the beneficiary did not know of the beneficiary's rights or the material facts relating to the breach of duty.

RSA 564-F:18-1809

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

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