RSA 564-F:12-1205 · Appointment and Term

564-F:12-1205 Appointment and Term. –

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(a)

The initial protectors may be appointed by:

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(1)

The organizers; or

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(2)

The founder.

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(b)

After the appointment of the initial protectors, any additional or successor protector shall be appointed:

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(1)

In accordance with the provisions of the governing documents governing the appointment of protectors; or

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(2)

If the governing documents do not contain any provision for the appointment of protectors, by:

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(A)

The protectors; or

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(B)

The court.

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(c)

Unless the certificate of formation or bylaws provide otherwise, the duration of a protector's term shall be indefinite and shall terminate only upon:

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(1)

The protector's resignation or removal;

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(2)

In the case of protector who is an individual, the protector's incapacity or death; or

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(3)

In the case of a protector that is an entity, the protector's dissolution. Source. 2017, 257:47, eff. Oct. 1, 2017. 2018, 210:7, eff. June 8, 2018.

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