There is a newer version
of
this Section
2019 New Hampshire Revised Statutes
Title LVI - Probate Courts and Decedents' Estates
Chapter 564-F - New Hampshire Foundation Act
Section 564-F:18-1803 - Damages in Absence of Breach of Duty.
Universal Citation: NH Rev Stat § 564-F:18-1803 (2019)
564-F:18-1803 Damages in Absence of Breach of Duty. –
(a) Even absent a breach of duty, a foundation official is accountable to an affected beneficiary for any profit made by the foundation official arising from the foundation's administration.
(b) Absent a breach of duty, a foundation official is not liable to a beneficiary for a loss or depreciation in the value of the foundation property or for not having made a profit.
(c) This section does not preclude the payment of reasonable compensation to a foundation official.
(a) Even absent a breach of duty, a foundation official is accountable to an affected beneficiary for any profit made by the foundation official arising from the foundation's administration.
(b) Absent a breach of duty, a foundation official is not liable to a beneficiary for a loss or depreciation in the value of the foundation property or for not having made a profit.
(c) This section does not preclude the payment of reasonable compensation to a foundation official.
Source. 2017, 257:47, eff. Oct. 1, 2017.
Disclaimer: These codes may not be the most recent version. New Hampshire may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
