Current through the 2024 Legislative Session
Section 564-F:16-1601 - Role of Court in a Foundation's Affairs(a) The court may intervene in a foundation's affairs to the extent its jurisdiction is invoked by an interested person or as provided by law.(b) A foundation shall not be subject to continuing judicial supervision unless ordered by the court.(c) A judicial proceeding involving a foundation may relate to any matter involving the foundation's affairs, including: (1) A request for instruction; (2) Construction of the governing documents;(3) A claim for breach of duty; or(4) A request to declare rights.(d) Each of the following persons may commence a judicial proceeding for the purpose of enforcing the provisions of the governing documents: (2) A foundation official;(4) In the case of a foundation that is a charitable trust, the director of charitable trusts.Added by 2017, 257:47, eff. 10/1/2017. 2017, 257:47, eff. Oct. 1, 2017.