New Hampshire Revised Statutes 304-C:106 – Application to Certain Members of Fiduciary Duties Applicable to Managers
Current as of: 2023 | Check for updates
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Unless the operating agreement provides otherwise, the duties imposed on managers of limited liability companies under this subdivision shall apply also to:
I. Members of member-managed multi-member limited liability companies; and
II. Non-manager members of manager-managed multi-member limited liability companies to the extent that these non-manager members exercise management functions for these limited liability companies.
I. Members of member-managed multi-member limited liability companies; and
II. Non-manager members of manager-managed multi-member limited liability companies to the extent that these non-manager members exercise management functions for these limited liability companies.