New Hampshire § 564-F:18-1809 Beneficiary's Consent, Release, or Ratification

New Hampshire Statutes

§ 564-F:18-1809 — Beneficiary's Consent, Release, or Ratification

New Hampshire·Title LVI PROBATE COURTS AND DECEDENTS' ESTATES·Ch. 564-F NEW HAMPSHIRE FOUNDATION ACT·Subdivision ARTICLE 18Breach of Duty

(a)Subject to subsection (b), a foundation official is not liable to a beneficiary for breach of duty if the beneficiary:

(1)Consented to the conduct constituting the breach of duty;

(2)Released the foundation official from liability for the breach of duty; or

(3)Ratified the transaction constituting the breach of duty.

(b)For purposes of subsection (a), a beneficiary's consent, release, or ratification is invalid if:

(1)In making the consent, release, or ratification, the beneficiary was induced by a foundation official's improper conduct; or

(2)At the time of making the consent, release, or ratification, the beneficiary did not know of the beneficiary's rights or the material facts relating to the breach of duty.

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(a) Subject to subsection (b), a foundation official is not liable to a beneficiary for breach of duty if the beneficiary:
(1) Consented to the conduct constituting the breach of duty;
(2) Released the foundation official from liability for the breach of duty; or
(3) Ratified the transaction constituting the breach of duty.
(b) For purposes of subsection (a), a beneficiary's consent, release, or ratification is invalid if:
(1) In making the consent, release, or ratification, the beneficiary was induced by a foundation official's improper conduct; or
(2) At the time of making the consent, release, or ratification, the beneficiary did not know of the beneficiary's rights or the material facts relating to the breach of duty.

New Hampshire § 564-F:18-1809 (Beneficiary's Consent, Release, or Ratification) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.