N.H. Rev. Stat. § 564-F:20-2008

Current through the 2024 Legislative Session
Section 564-F:20-2008 - Director Duties
(a) A director of a dissolved foundation shall have the following duties:
(1) A duty to cause the dissolved foundation to discharge its liabilities or make reasonable provision for discharging its liabilities; and
(2) A duty to cause the dissolved foundation to distribute its remaining property in accordance with the governing documents.
(b) A director of a dissolved foundation that has disposed of claims under RSA 564-F:20-2006 or RSA 564-F:20-2007 shall not be liable for breach of subsection (a) to the extent that the claim against the dissolved foundation is barred or satisfied under RSA 564-F:20-2006 or RSA 564-F:20-2007.

RSA 564-F:20-2008

Added by 2017 , 257: 47, eff. 10/1/2017.

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