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RSA 304-C:117 · Advancement of Legal Costs, Etc

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

Official source

304-C:117 Advancement of Legal Costs, Etc. –
Subject to such standards and restrictions, if any, as are set forth in its operating agreement, a limited liability company may advance to members, managers, and other persons their costs, including legal fees, in defending themselves against claims arising from their relationship to the limited liability company:
I. If the operating agreement so provides; or
II. If a majority of the disinterested members so vote.
Source. 2012, 232:2, eff. Jan. 1, 2013.
Grants, Redemptions, and Transfers of Membership Rights

Source note

Source. 2012, 232:2, eff. Jan. 1, 2013. Grants, Redemptions, and Transfers of Membership Rights

Source history

  • 2012, 232:2, eff. Jan. 1, 2013. Grants, Redemptions, and Transfers of Membership Rights

Related materials

Bills affecting or mentioning this RSA