New Hampshire Revised Statutes 304-C:108 – Duty and Standard of Care
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I. Unless the operating agreement provides otherwise, managers shall have a duty of care to the limited liability company and to the members.
II. Unless the operating agreement provides otherwise, managers shall discharge their management duties with the care that a person in a like position would reasonably believe appropriate under similar circumstances.
II. Unless the operating agreement provides otherwise, managers shall discharge their management duties with the care that a person in a like position would reasonably believe appropriate under similar circumstances.
Terms Used In New Hampshire Revised Statutes 304-C:108
- person: may extend and be applied to bodies corporate and politic as well as to individuals. See New Hampshire Revised Statutes 21:9