New Hampshire § 304-C:117 Advancement of Legal Costs, Etc

New Hampshire Statutes

§ 304-C:117 — Advancement of Legal Costs, Etc

New Hampshire § 304-C:117

Title XXVIIIPARTNERSHIPS

Ch. 304-CLIMITED LIABILITY COMPANIES

SubdivisionFiduciary Duties and Related Matters

This text of New Hampshire § 304-C:117 (Advancement of Legal Costs, Etc) 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:117 (2026).

Text

Subject to such standards and restrictions, if any, as are set forth in its operating agreement, a limited liability company may advance to members, managers, and other persons their costs, including legal fees, in defending themselves against claims arising from their relationship to the limited liability company:

I.If the operating agreement so provides; or

II.If a majority of the disinterested members so vote.

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Subject to such standards and restrictions, if any, as are set forth in its operating agreement, a limited liability company may advance to members, managers, and other persons their costs, including legal fees, in defending themselves against claims arising from their relationship to the limited liability company:
I. If the operating agreement so provides; or
II. If a majority of the disinterested members so vote.