New Hampshire § 564-F:15-1501 Liability of Foundation Officials and Beneficiaries to Third Parties

New Hampshire Statutes

§ 564-F:15-1501 — Liability of Foundation Officials and Beneficiaries to Third Parties

New Hampshire § 564-F:15-1501

Title LVIPROBATE COURTS AND DECEDENTS' ESTATES

Ch. 564-FNEW HAMPSHIRE FOUNDATION ACT

SubdivisionARTICLE 15Third Parties

This text of New Hampshire § 564-F:15-1501 (Liability of Foundation Officials and Beneficiaries to Third Parties) 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. § 564-F:15-1501 (2026).

Text

(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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(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.

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

§ 564-F:10-1002

§ 564-F:10-1003

§ 564-F:10-1004

§ 564-F:10-1005

§ 564-F:10-1006

§ 564-F:10-1007

§ 564-F:10-1008

§ 564-F:10-1009

§ 564-F:10-1010

§ 564-F:10-1011

§ 564-F:10-1012

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Bluebook (online)

New Hampshire § 564-F:15-1501, Counsel Stack Legal Research, https://law.counselstack.com/statute/nh/564-F/564-F%3A15-1501.