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Exculpation of a Foundation Official.

RSA 564-F:18-1808
in effect
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564-F:18-1808. Exculpation of a Foundation Official. (a) Subject to subsection (b), a provision of the governing documents relieving a foundation official of liability for breach of duty is enforceable except to the extent that the provision relieves the foundation official of liability for a breach of duty for: (1) Failing to act in good faith; or (2) Acting with reckless indifference to the foundation's purposes or the beneficiaries' interests. (b) A provision of the governing documents relieving a foundation official of liability for breach of duty is unenforceable if the provision was inserted as the result of an abuse by the foundation official of a fiduciary or confidential relationship to the founder. 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-18-1808.htmFetched: 10/20/2026

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