New Hampshire Statutes
§ 564-F:10-1005 — Appointment and Term
New Hampshire·Title LVI PROBATE COURTS AND DECEDENTS' ESTATES·Ch. 564-F NEW HAMPSHIRE FOUNDATION ACT·Subdivision ARTICLE 10Directors
(a)The initial directors shall be appointed by:
(1)The organizers; or
(2)The founder.
(b)After the appointment of the initial directors, any additional or successor director shall be appointed:
(1)In accordance with the provisions of the governing documents governing the appointment of directors; or
(2)If the governing documents do not contain any provision for the appointment of directors, by:
(A)The directors; or
(B)An amendment of the governing documents.
(c)Unless the governing documents provide otherwise, the duration of a director's term shall be indefinite and shall terminate only upon:
(1)In the case of a director who is an individual, the director's incapacity, death, resignation, or removal; or
(2)In the case of a director that is an entity, the director's dissolution,
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Legislative History
2017, 257:47, eff. Oct. 1, 2017. 2018, 210:6, eff. June 8, 2018.
Nearby Sections
15
§ 564-F:1-101
Short Title§ 564-F:1-102
Scope§ 564-F:1-103
Reservation of Power to Amend or Repeal§ 564-F:10-1001
Board of Directors§ 564-F:10-1002
Qualifications§ 564-F:10-1003
Number§ 564-F:10-1004
Classes§ 564-F:10-1005
Appointment and Term§ 564-F:10-1006
Resignation§ 564-F:10-1007
Removal§ 564-F:10-1008
Committees§ 564-F:10-1009
Delegation§ 564-F:10-1010
Voting§ 564-F:10-1011
Meetings§ 564-F:10-1012
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