New Hampshire Statutes
§ 304-C:114 — Remedies for Breaches of Operating Agreements by Managers
New Hampshire § 304-C:114
JurisdictionNew Hampshire
Title XXVIIIPARTNERSHIPS
Ch. 304-CLIMITED LIABILITY COMPANIES
SubdivisionFiduciary Duties and Related Matters
This text of New Hampshire § 304-C:114 (Remedies for Breaches of Operating Agreements by 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:114 (2026).
Text
I.An operating agreement may provide that a manager who fails to perform in accordance with, or to comply with the terms and conditions of, the operating agreement shall be subject to specified penalties or specified consequences; and
II.An operating agreement may provide that at the time or upon the occurrence of events specified in the operating agreement, a manager shall be subject to specified penalties or consequences.
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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:114, Counsel Stack Legal Research, https://law.counselstack.com/statute/nh/304-C/304-C%3A114.