2013 New Hampshire Revised Statutes
Title XXVIII - PARTNERSHIPS
Chapter 304-C - LIMITED LIABILITY COMPANIES
Section 304-C:114 - Remedies for Breaches of Operating Agreements by Managers.


NH Rev Stat § 304-C:114 (2013) What's This?

    304-C:114 Remedies for Breaches of Operating Agreements by Managers. –
    I. An operating agreement may provide that a manager who fails to perform in accordance with, or to comply with the terms and conditions of, the operating agreement shall be subject to specified penalties or specified consequences; and
    II. An operating agreement may provide that at the time or upon the occurrence of events specified in the operating agreement, a manager shall be subject to specified penalties or consequences.

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


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