2013 New Hampshire Revised Statutes
Title XXVIII - PARTNERSHIPS
Chapter 304-C - LIMITED LIABILITY COMPANIES
Section 304-C:111 - Implied Contractual Covenant of Good Faith and Fair Dealing.
304-C:111 Implied Contractual Covenant of Good Faith and Fair Dealing.
I. Managers shall comply with the implied contractual covenant of good faith and fair dealing.
II. The implied contractual covenant of good faith and fair dealing shall include a duty to use reasonable efforts to meet the reasonable expectations of the limited liability company and of the members on matters within the scope of the operating agreement but not specifically addressed in it.
Source. 2012, 232:2, eff. Jan. 1, 2013.
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