New Hampshire Revised Statutes 383-D:8-802 – Standard of Care
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(a) Except as provided in subsections (b) and (c), N.H. Rev. Stat. § 383-A:5-505 applies to a director or officer of a family trust company.
(b) A director or officer of a family trust company shall not be personally liable to any person to the extent that, in the performance of his or her duties, the director or officer acts in good faith. In connection with any matter involving a trust, a director or officer acts in good faith to the extent that he or she acts in reasonable reliance on the terms of the trust, a nonjudicial settlement agreement under N.H. Rev. Stat. § 564-B:1-111, or a court order.
(c) A family trust company may indemnify a director or officer against any liability, except to the extent that a court determines that the director or officer failed to act in good faith.
(b) A director or officer of a family trust company shall not be personally liable to any person to the extent that, in the performance of his or her duties, the director or officer acts in good faith. In connection with any matter involving a trust, a director or officer acts in good faith to the extent that he or she acts in reasonable reliance on the terms of the trust, a nonjudicial settlement agreement under N.H. Rev. Stat. § 564-B:1-111, or a court order.
Terms Used In New Hampshire Revised Statutes 383-D:8-802
- person: may extend and be applied to bodies corporate and politic as well as to individuals. See New Hampshire Revised Statutes 21:9
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
(c) A family trust company may indemnify a director or officer against any liability, except to the extent that a court determines that the director or officer failed to act in good faith.