RSA 383-D:8-802 · Standard of Care

383-D:8-802 Standard of Care. –

Copy link

(a)

Except as provided in subsections (b) and (c), RSA 383-A:5-505 applies to a director or officer of a family trust company.

Copy link

(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 RSA 564-B:1-111, or a court order.

Copy link

(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. Source. 2015, 272:16, eff. Oct. 1, 2015. ARTICLE 9 Trust Offices

Copy link