New Hampshire § 564-F:11-1105 Duty to Control and Protect Foundation Property

New Hampshire Statutes

§ 564-F:11-1105 — Duty to Control and Protect Foundation Property

New Hampshire·Title LVI PROBATE COURTS AND DECEDENTS' ESTATES·Ch. 564-F NEW HAMPSHIRE FOUNDATION ACT·Subdivision ARTICLE 11Directors' Duties

(a)Unless the governing documents provide otherwise, a director has a duty to take reasonable steps to control and protect the foundation's property.

(b)Under subsection (a), a director's duty includes:

(1)Enforcing the claims of the foundation;

(2)Defending claims against the foundation; and

(3)Redressing a breach of duty that the director knows to have been committed by a foundation official or a former foundation official.

(c)A director has a duty to keep a foundation's property separate from the director's property.

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(a) Unless the governing documents provide otherwise, a director has a duty to take reasonable steps to control and protect the foundation's property.
(b) Under subsection (a), a director's duty includes:
(1) Enforcing the claims of the foundation;
(2) Defending claims against the foundation; and
(3) Redressing a breach of duty that the director knows to have been committed by a foundation official or a former foundation official.
(c) A director has a duty to keep a foundation's property separate from the director's property.

New Hampshire § 564-F:11-1105 (Duty to Control and Protect Foundation Property) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.