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RSA 464-D:9 · Duties of Supporters

464-D:9 Duties of Supporters. – A supporter is in a fiduciary relationship with the principal and is subject to the following requirements:

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I.

To act loyally, without self-interest, and in good faith.

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II.

To act within the authority granted in the agreement and by this chapter.

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III.

To avoid conflicts of interest.

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IV.

To disclose to the principal all facts known to the supporter relevant to making a decision.

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V.

To act with the care, competence, and diligence ordinarily exercised by individuals in similar circumstances, with due regard either to the possession of, or lack of, special skills or expertise.

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VI.

To provide sufficient information to a monitor for financial matters designated pursuant to RSA 464-D:13 to allow the monitor to fulfill his or her responsibilities pursuant to this chapter. Source. 2021, 206:2, Pt. VI, Sec. 15, eff. Oct. 9, 2021.

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Source note

Source. 2021, 206:2, Pt. VI, Sec. 15, eff. Oct. 9, 2021.

Source history

  • 2021, 206:2, Pt. VI, Sec. 15, eff. Oct. 9, 2021