New Hampshire Statutes
§ 564-F:15-1501 — Liability of Foundation Officials and Beneficiaries to Third Parties
New Hampshire·Title LVI PROBATE COURTS AND DECEDENTS' ESTATES·Ch. 564-F NEW HAMPSHIRE FOUNDATION ACT·Subdivision ARTICLE 15Third Parties
(a)Subject to RSA 564-F:20-2007 and subsection (c), a foundation's debts, obligations, and liabilities, whether arising in contract, tort, or otherwise, shall be solely the foundation's debts, obligations, and liabilities.
(b)Subject to RSA 564-F:20-2007 and subsection (c), a founder, foundation official, or beneficiary shall not be personally liable for any of the foundation's debts, obligations, and liabilities solely by reason of being a founder, foundation official, or beneficiary.
(c)A founder, foundation official, or beneficiary may agree to be personally liable for any or all of the foundation's debts, obligations, and liabilities.
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Legislative History
2017, 257:47, eff. Oct. 1, 2017.
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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