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RSA 564-F:18-1803 · Damages in Absence of Breach of Duty

Title
LVI: PROBATE COURTS AND DECEDENTS' ESTATES
Chapter
564-F · NEW HAMPSHIRE FOUNDATION ACT
Status
current
Official source linked
Yes
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564-F:18-1803 Damages in Absence of Breach of Duty. –

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(a)

Even absent a breach of duty, a foundation official is accountable to an affected beneficiary for any profit made by the foundation official arising from the foundation's administration.

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(b)

Absent a breach of duty, a foundation official is not liable to a beneficiary for a loss or depreciation in the value of the foundation property or for not having made a profit.

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(c)

This section does not preclude the payment of reasonable compensation to a foundation official. Source. 2017, 257:47, eff. Oct. 1, 2017.

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Source note

Source. 2017, 257:47, eff. Oct. 1, 2017.

Source history

  • 2017, 257:47, eff. Oct. 1, 2017