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Duty to Control and Protect Foundation Property.

RSA 564-F:11-1105
in effect
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564-F:11-1105. Duty to Control and Protect Foundation Property. (a) Unless the governing documents provide otherwise, a director has a duty to take reasonable steps to control and protect the foundation's property. (b) Under subsection (a), a director's duty includes: (1) Enforcing the claims of the foundation; (2) Defending claims against the foundation; and (3) Redressing a breach of duty that the director knows to have been committed by a foundation official or a former foundation official. (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.
Source: New Hampshire General Court (gc.nh.gov)URL: https://gc.nh.gov/rsa/html/LVI/564-F/564-F-11-1105.htmFetched: 10/20/2026

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