New Hampshire Statutes
§ 304-C:111 — Implied Contractual Covenant of Good Faith and Fair Dealing
New Hampshire § 304-C:111
JurisdictionNew Hampshire
Title XXVIIIPARTNERSHIPS
Ch. 304-CLIMITED LIABILITY COMPANIES
SubdivisionFiduciary Duties and Related Matters
This text of New Hampshire § 304-C:111 (Implied Contractual Covenant of Good Faith and Fair Dealing) 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:111 (2026).
Text
I.Managers shall comply with the implied contractual covenant of good faith and fair dealing.
II.The implied contractual covenant of good faith and fair dealing shall include a duty to use reasonable efforts to meet the reasonable expectations of the limited liability company and of the members on matters within the scope of the operating agreement but not specifically addressed in it.
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Legislative History
2012, 232:2, eff. Jan. 1, 2013.
Nearby Sections
15
§ 304-C:1
Short Title§ 304-C:10
Include§ 304-C:102
Other Permissible Events of Dissociation§ 304-C:103
Member Withdrawals§ 304-C:104
Judicial Removal of Member§ 304-C:105
Distributions Upon Member Dissociation§ 304-C:105-a
Right of Legal Representatives of Certain Dissociated Members to Exercise Members' Membership Rights§ 304-C:108
Duty and Standard of Care§ 304-C:109
Business Judgment Rule§ 304-C:11
Limited Liability Company§ 304-C:110
Duty of Loyalty-in GeneralCite This Page — Counsel Stack
Bluebook (online)
New Hampshire § 304-C:111, Counsel Stack Legal Research, https://law.counselstack.com/statute/nh/304-C/304-C%3A111.