2013 New Hampshire Revised Statutes
Title XXVIII - PARTNERSHIPS
Chapter 304-C - LIMITED LIABILITY COMPANIES
Section 304-C:99 - Certain Effects of Dissociation.


NH Rev Stat § 304-C:99 (2013) What's This?

    304-C:99 Certain Effects of Dissociation. –
    I. If, after dissociation, a former member retains all or any part of the former member's limited liability company interest, the former member shall be entitled to the following rights:
       (a) Subject to reasonable restrictions as determined from time to time by the limited liability company, the former member shall be entitled to inspect and copy at the former member's own expense all information reasonably relevant to allocations and distributions to the former member in respect of the former member's limited liability company interest.
       (b) Unless the operating agreement provides otherwise, the former member may invoke the dispute resolution provisions of RSA 304-C:186 with respect to the former member's limited liability company interest.
    II. Subject to any contrary provision in RSA 304-C:106 through RSA 304-C:117, a member who has been dissociated from a limited liability company shall have no fiduciary or other duties to the limited liability company.
    III. A person who has been dissociated from the limited liability company shall have no liabilities to the limited liability company except liabilities that accrued to the member before the member's dissociation and that were not discharged before or concurrent with the member's dissociation.

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


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