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2013 New Hampshire Revised Statutes
Title XXVIII - PARTNERSHIPS
Chapter 304-C - LIMITED LIABILITY COMPANIES
Section 304-C:106 - Application to Certain Members of Fiduciary Duties Applicable to Managers.


NH Rev Stat § 304-C:106 (2013) What's This?

    304-C:106 Application to Certain Members of Fiduciary Duties Applicable to Managers. – Unless the operating agreement provides otherwise, the duties imposed on managers of limited liability companies under this subdivision shall apply also to:
    I. Members of member-managed multi-member limited liability companies; and
    II. Non-manager members of manager-managed multi-member limited liability companies to the extent that these non-manager members exercise management functions for these limited liability companies.

Source. 2012, 232:2, eff. Jan. 1, 2013.


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