New Hampshire Statutes
§ 564-F:9-901 — Capital
New Hampshire·Title LVI PROBATE COURTS AND DECEDENTS' ESTATES·Ch. 564-F NEW HAMPSHIRE FOUNDATION ACT·Subdivision ARTICLE 9Capital
(a)Any property may be contributed to a foundation's capital.
(b)After the initial contribution to a foundation's capital, additional contributions to a foundation's capital shall be made as follows:
(1)An additional contribution shall be made in substantial compliance with the provisions of the certificate of formation and bylaws concerning additional contributions; or
(2)If the certificate of formation and bylaws do not contain any provision concerning additional contributions, the additional contribution shall be made in accordance with the terms and conditions that the directors deem prudent, considering the foundation's purposes and the beneficiaries' interests.
(c)Subject to RSA 564-F:7-702(b), a founder shall not have any right, power, or interest in a foundation solely by reas
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Legislative History
2017, 257:47, eff. Oct. 1, 2017. 2018, 210:3, 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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