Advancement of Legal Costs, Etc.
RSA 304-C:117
in effect304-C:117. Advancement of Legal Costs, Etc.
Subject to such standards and restrictions, if any, as are set forth in its operating agreement, a limited liability company may advance to members, managers, and other persons their costs, including legal fees, in defending themselves against claims arising from their relationship to the limited liability company:
I. If the operating agreement so provides; or
II. If a majority of the disinterested members so vote.
Source. 2012, 232:2, eff. Jan. 1, 2013.
Source: New Hampshire General Court (gc.nh.gov)URL: https://gc.nh.gov/rsa/html/XXVIII/304-C/304-C-117.htmFetched: 10/20/2026
