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2017 New Hampshire Revised Statutes
Title LVI - PROBATE COURTS AND DECEDENTS' ESTATES
Chapter 564-F - NEW HAMPSHIRE FOUNDATION ACT
Section 564-F:11-1105 - Duty to Control and Protect Foundation Property.
Universal Citation: NH Rev Stat § 564-F:11-1105 (2017)
564-F:11-1105 Duty to Control and Protect Foundation Property. –
(a) Unless the governing documents provide otherwise, a director has a duty to take reasonable steps to control and protect the foundation's property.
(b) Under subsection (a), a director's duty includes:
(1) Enforcing the claims of the foundation;
(2) Defending claims against the foundation; and
(3) Redressing a breach of duty that the director knows to have been committed by a foundation official or a former foundation official.
(c) A director has a duty to keep a foundation's property separate from the director's property.
(b) Under subsection (a), a director's duty includes:
(1) Enforcing the claims of the foundation;
(2) Defending claims against the foundation; and
(3) Redressing a breach of duty that the director knows to have been committed by a foundation official or a former foundation official.
(c) A director has a duty to keep a foundation's property separate from the director's property.
Source. 2017, 257:47, eff. Oct. 1, 2017.
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