RSA 304-D:12 · Officers and Managers

304-D:12 Officers and Managers. –
Except as otherwise provided by the licensing laws of this state and rules adopted under these laws or by any licensing authority in this state, each manager of a professional limited liability company, if any, and all the officers, if any, shall be qualified persons with respect to the professional limited liability company, with the exception of any of the following: the secretary or an assistant secretary, the treasurer or an assistant treasurer, and/or the assistant manager in the case of a single-member professional limited liability company. In the case of a single-member professional limited liability company, unless the operating agreement provides otherwise, and subject to RSA 304-D:5, upon the manager's death, incapacity, or becoming a disqualified person, the assistant manager may, for a period of up to one year after the date of the manager's death, incapacity, or becoming a disqualified person, exercise all of the manager's rights held by the manager immediately before the manager's death, incapacity, or becoming a disqualified person. Consistent with RSA 304-D:5, this section does not authorize the assistant manager to perform any professional duties or exercise any professional judgment within the scope of the subject profession. Nothing contained in this section shall supersede any professional or ethical standards or guidance governing the subject profession.
Source. 1993, 313:1, eff. July 1, 1993. 2025, 14:1, eff. July 13, 2025.