New Hampshire § 304-C:106 Application to Certain Members of Fiduciary Duties Applicable to Managers

New Hampshire Statutes

§ 304-C:106 — Application to Certain Members of Fiduciary Duties Applicable to Managers

New Hampshire § 304-C:106

Title XXVIIIPARTNERSHIPS

Ch. 304-CLIMITED LIABILITY COMPANIES

SubdivisionFiduciary Duties and Related Matters

This text of New Hampshire § 304-C:106 (Application to Certain Members of Fiduciary Duties Applicable to Managers) is published on Counsel Stack Legal Research, covering New Hampshire primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.H. Rev. Stat. Ann. § 304-C:106 (2026).

Text

Unless the operating agreement provides otherwise, the duties imposed on managers of limited liability companies under this subdivision shall apply also to:

I.Members of member-managed multi-member limited liability companies; and

II.Non-manager members of manager-managed multi-member limited liability companies to the extent that these non-manager members exercise management functions for these limited liability companies.

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Unless the operating agreement provides otherwise, the duties imposed on managers of limited liability companies under this subdivision shall apply also to:
I. Members of member-managed multi-member limited liability companies; and
II. Non-manager members of manager-managed multi-member limited liability companies to the extent that these non-manager members exercise management functions for these limited liability companies.