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RSA 304-C:108 · Duty and Standard of Care

Title
PARTNERSHIPS
Chapter
304-C · LIMITED LIABILITY COMPANIES
Status
current
Official source linked
Yes

Official source

304-C:108 Duty and Standard of Care. –
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.
Source. 2012, 232:2, eff. Jan. 1, 2013.

Source note

Source. 2012, 232:2, eff. Jan. 1, 2013.

Source history

  • 2012, 232:2, eff. Jan. 1, 2013

Related materials

Bills affecting or mentioning this RSA