RSA 564-F:11-1105 · Duty to Control and Protect Foundation Property

564-F:11-1105 Duty to Control and Protect Foundation Property. –

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(a)

Unless the governing documents provide otherwise, a director has a duty to take reasonable steps to control and protect the foundation's property.

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(b)

Under subsection (a), a director's duty includes:

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(1)

Enforcing the claims of the foundation;

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(2)

Defending claims against the foundation; and

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(3)

Redressing a breach of duty that the director knows to have been committed by a foundation official or a former foundation official.

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(c)

A director has a duty to keep a foundation's property separate from the director's property. Source. 2017, 257:47, eff. Oct. 1, 2017.

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