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Form a Business

LIMITED LIABILITY COMPANIES

RSA tit. XXVIII, ch. 304-C
in effect

Contents

section304-C:1. Short Title.section304-C:2. The Policy of This Act.section304-C:3. Effective Date of This Act.section304-C:4. Replacement of Previous Act.section304-C:5. Transitional Provisions.section304-C:6. Act.section304-C:7. Certificate of Formation.section304-C:8. Contribution.section304-C:9. Foreign Limited Liability Company.section304-C:10. Include.section304-C:11. Limited Liability Company.section304-C:12. Limited Liability Company Interest.section304-C:13. Manager.section304-C:14. Member.section304-C:15. Membership Rights.section304-C:16. Operating Agreement.section304-C:17. Person.section304-C:18. State.section304-C:19. Legal Status of Limited Liability Company as Entity; Duration of Entity Status.section304-C:20. Number of Members.section304-C:21. Permitted Purposes.section304-C:22. Permitted Powers.section304-C:22-a. Trust Powers.section304-C:23. Liability of Members and Managers to Third Parties.section304-C:24. Nature and Transferability of Membership Rights.section304-C:25. Governing Law.section304-C:26. Interest of Members in Limited Liability Company Property.section304-C:27. Reservation of Name of Limited Liability Company.section304-C:28. Requirements for Filing of Documents Under This Act.section304-C:28-a. Online Filing.section304-C:29. Effective Time and Date of Filed Documents.section304-C:30. Filing and Certification of Certificates.section304-C:31. Certificate of Formation-General Requirements.section304-C:32. Name Set Forth in Certificate of Formation.section304-C:33. Certificates of Formation as Notice.section304-C:34. Amendments to Certificates of Formation.section304-C:35. Restated Certificates of Formation.section304-C:36. Limited Liability Company Registered Offices and Registered Agents.section304-C:37. Service of Process on Domestic Limited Liability Companies.section304-C:38. Service of Process on Limited Liability Company Managers and Liquidating Trustees.section304-C:39. Signing, Amendment, and Cancellation of Certificates by Judicial Order.section304-C:40. Form of Operating Agreement.section304-C:41. Binding Effect of Operating Agreements.section304-C:42. No Requirement That Limited Liability Company Sign Agreement.section304-C:43. Single-Member Limited Liability Companies May Have Enforceable Operating Agreements.section304-C:44. Statute of Frauds Inapplicable to Limited Liability Company Agreements.section304-C:45. Operating Agreements May Provide Rights to any Persons, Including Non-Parties.section304-C:46. Admissions of Members Under Limited Liability Company Agreements in Certain Circumstances.section304-C:47. Management of Limited Liability Companies.section304-C:48. Method of Appointment of Managers.section304-C:49. Offices and Responsibilities of Managers.section304-C:50. Termination of Status as Manager.section304-C:51. Managers who are Also Members.section304-C:52. Agency Power of Members and Managers, Etc.section304-C:53. Admissions of Members.section304-C:54. Classes of Members, Etc.section304-C:55. Members' and Managers' Rights to Limited Liability Company Information, Etc.section304-C:56. Actions in the Superior Court to Enforce Rights Under RSA 304-C:55.section304-C:57. Certificates of Membership Rights, Etc.section304-C:58. Rights and Duties of Members.section304-C:59. Resolution of Disputes About the Status of Persons as Members.section304-C:60. Meetings of Members; Written Votes.section304-C:61. Notices for Member Meetings and Voting Procedures.section304-C:62. General Meetings Upon Demand by Members.section304-C:63. Special Meetings Upon Demand by Members.section304-C:64. Vote, Majority Vote, Etc.-Definitions.section304-C:65. Members' Voting Power.section304-C:66. Matters That the Members May Decide by Vote.section304-C:67. Voting Requirements.section304-C:68. Matters Requiring Unanimous Vote of the Other Members.section304-C:69. Matters Requiring Majority Vote of the Disinterested Members.section304-C:70. Permissibility of Actions Not Requiring Member Votes.section304-C:71. Right of Members to Vote Separately.section304-C:72. Appointment of Managers.section304-C:73. Contributions by Managers.section304-C:74. Offices and Responsibilities of Managers.section304-C:75. Duration of Managers' Terms.section304-C:76. Classes of Managers.section304-C:77. Permissibility of Manager Actions Not Requiring Manager Votes.section304-C:78. Managers' Voting Power.section304-C:79. Managers' Voting Requirement.section304-C:80. Right of Managers to Vote Separately.section304-C:81. Notices for Manager Meetings, Etc.section304-C:82. Meetings of Managers.section304-C:83. Delegations by Managers.section304-C:84. Manager Resignations.section304-C:85. Permitted Forms of Contributions.section304-C:86. Valuations of Non-Cash Contributions.section304-C:87. Liability of Members for Promised Contributions.section304-C:88. Remedies for Breaches of Operating Agreements by Members, Etc.section304-C:89. Allocations-Definition.section304-C:90. Formula for Allocations of Profits and Losses.section304-C:91. Distribution, Etc.-Definitions.section304-C:92. Members as Creditors With Respect to Certain Distributions.section304-C:93. Limitations on Distributions.section304-C:94. Interim Distributions.section304-C:95. Allocations of Distributions.section304-C:96. Form of Distributions.section304-C:97. Record Dates for Distributions.section304-C:98. Dissociation-Definition.section304-C:99. Certain Effects of Dissociation.section304-C:100. Statutory Events of Dissociation Applicable to all Members.section304-C:101. Additional Statutory Events of Dissociation Applicable to Members That are Entities.section304-C:102. Other Permissible Events of Dissociation.section304-C:103. Member Withdrawals.section304-C:104. Judicial Removal of Member.section304-C:105. Distributions Upon Member Dissociation.section304-C:105-a. Right of Legal Representatives of Certain Dissociated Members to Exercise Members' Membership Rights.section304-C:106. Application to Certain Members of Fiduciary Duties Applicable to Managers.section304-C:107. Expansion, Restriction and Elimination of Duties.section304-C:108. Duty and Standard of Care.section304-C:109. Business Judgment Rule.section304-C:110. Duty of Loyalty-in General.section304-C:111. Implied Contractual Covenant of Good Faith and Fair Dealing.section304-C:112. Defense of Reliance on Records of Limited Liability Company.section304-C:113. Defense of Reliance on Certain Limited Liability Company Information and Opinions, Etc.section304-C:114. Remedies for Breaches of Operating Agreements by Managers.section304-C:115. Exculpations-in General.section304-C:116. Indemnification.section304-C:117. Advancement of Legal Costs, Etc.section304-C:118. Transfers, Etc.-Definitions.section304-C:119. Nature of Membership Rights, Etc.section304-C:120. Limited Liability Company Grants of Membership Rights.section304-C:121. Transfers of Membership Rights.section304-C:122. Pledges of Membership Rights.section304-C:123. Transfers or Pledges of Limited Liability Company Interests.section304-C:124. Right of Transferee of Limited Liability Company Interest or Other Membership Rights to Become a Member.section304-C:125. Miscellaneous Rights, Duties, and Liabilities of Transferors and Transferees of Membership Rights.section304-C:126. Charging Orders.section304-C:127. Effect of Dissolution of Limited Liability Company.section304-C:128. Dissolution, Winding Up and Liquidation-Definitions.section304-C:129. Events of Dissolution-In General.section304-C:130. Revocation of Dissolution by Majority Vote of the Members.section304-C:131. Non-Dissolution of Single-Member Limited Liability Company.section304-C:132. Non-Dissolution of Limited Liability Company Upon Member Dissociation.section304-C:133. Appointment of Successor Member Under Operating Agreement.section304-C:134. Judicial Dissolution Upon Application by a Member.section304-C:135. Judicial Dissolution Upon Application by Attorney General.section304-C:136. Administrative Dissolution.section304-C:137. Procedures for and Certain Effects of Administrative Dissolution.section304-C:138. Reinstatement Following Administrative Dissolution.section304-C:139. Winding Up and Liquidation of Limited Liability Companies.section304-C:140. Agency Power of Managers and Members After Limited Liability Company Dissolution.section304-C:141. Certificate of Dissolution; Distributions of Assets Upon Liquidation of Limited Liability Company.section304-C:142. Certificate of Cancellation of Certificate of Formation.section304-C:143. Dispositions of Known Claims Against Dissolved Limited Liability Company.section304-C:144. Disposition of Unknown Claims Against Dissolved Limited Liability Company.section304-C:145. Late Reinstatements-In General.section304-C:146. Appeals From Denials of Late Reinstatements.section304-C:147. Statutory Conversion-Definition.section304-C:148. Other Business Entity; Converting Business Entity.section304-C:149. Statutory Conversions of Other Business Entities to Limited Liability Companies.section304-C:150. Approvals of Statutory Conversions of Limited Liability Companies to Other Business Entities.section304-C:151. Events of Dissociation of Individuals Who are Members of Single-Member Limited Liability Companies.section304-C:152. Effect of Withdrawal of Member of Single-Member Limited Liability Company.section304-C:153. Successor to Deceased Member of Single-Member Limited Liability Company Becomes Member.section304-C:154. Provisions in Other Parts of This Act Relevant to Single-Member LLCs.section304-C:155. Mergers of Limited Liability Companies-In General.section304-C:156. Merger Approvals.section304-C:157. Agreements of Merger.section304-C:158. Certificates of Merger.section304-C:159. Merger Effects.section304-C:160. Definitions.section304-C:161. Right of Members to Dissent-in General.section304-C:162. Notices by Limited Liability Companies to Members Concerning Members' Right to Dissent.section304-C:163. Notices by Dissenting Members to Limited Liability Companies Concerning Members' Intent to Demand Payment.section304-C:164. Dissenters' Notices Required to be Provided by Limited Liability Companies to Members.section304-C:165. Duty of Dissenters to Demand Payment, Etc.section304-C:166. Limited Liability Companies' Making of Payments to Dissenting Members.section304-C:167. Limited Liability Company Failures to Take Actions Giving Rise to Dissenters' Rights.section304-C:168. Dissenters' Rights of Persons With After-Acquired Limited Liability Company Interests.section304-C:169. Procedures if Members are Dissatisfied With Payments or Offers of Payment.section304-C:170. Appraisal Actions.section304-C:171. Allocations of Court Costs and Counsel Fees in Appraisal Actions.section304-C:172. Procedures Relating to Transferees of Limited Liability Company Interests.section304-C:173. Law Governing Foreign Limited Liability Companies.section304-C:174. Transactions Not Constituting Doing Business.section304-C:175. Requirement of Registration by Foreign Limited Liability Companies; Applications for Registration.section304-C:176. Issuance of Registrations.section304-C:177. Names of Foreign Limited Liability Companies; Registered Office; Registered Agent.section304-C:178. Amendments to Applications to Register Foreign Limited Liability Companies.section304-C:179. Cancellations of Registrations.section304-C:180. Doing Business Without Registration.section304-C:181. Service of Process on Registered Foreign Limited Liability Companies.section304-C:182. Service of Process on Unregistered Foreign Limited Liability Companies.section304-C:183. Grounds for Revocation.section304-C:184. Procedures for and Effect of Revocation.section304-C:185. Appeals From Revocations.section304-C:186. Venue and Method for Resolution of Limited Liability Company Internal Disputes.section304-C:187. Actions by and Against Limited Liability Companies.section304-C:188. Right to Bring Actions on Behalf of Limited Liability Companies.section304-C:189. Effects of Lack of Authority to Bring Actions.section304-C:190. Right of Members to Bring Direct Actions.section304-C:191. Fees.section304-C:192. Inapplicability of Rule That Statutes in Derogation of the Common Law are to be Strictly Construed.section304-C:193. Resolution of Cases Not Provided for in This Act.section304-C:194. Annual Reports to Secretary of State.section304-C:195. Administrative Collections and Payments of Fees; Related Matters.section304-C:196. Administrative Rulemaking.section304-C:197. Filing of Certificates, Etc. Online.section304-C:198. Severability of Provisions.section304-C:199. Singular and Plural.section304-C:200. Gender.section304-C:201. Captions.section304-C:202. Inapplicability of RSA 382-A:9-406 and RSA 382-A:9-408 to Interests in Limited Liability Companies.section304-C:203. Equivalent Effects.section304-C:204. Reserved Power of State of New Hampshire to Alter or Repeal Act.section304-C:205. Domestication.section304-C:206. Action on a Plan of Domestication.section304-C:207. Articles of Domestication.section304-C:208. Surrender of Charter Upon Domestication.section304-C:209. Effect of Domestication.section304-C:210. Abandonment of a Domestication.
Source: New Hampshire General Court (gc.nh.gov)URL: https://gc.nh.gov/rsa/html/NHTOC/NHTOC-XXVIII-304-C.htmFetched: 10/20/2026

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