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N.H. Rev. Stat. Ann. § 564-F:10-1005

Appointment and Term

Known as the New Hampshire Foundation Act

The act spans §§ 564-F:10-1001 to 564-F:9-901 (134 sections).

Source. 2017, 257:47, eff

(a) The initial directors shall be appointed by:

(1) The organizers; or

(2) The founder.

(b) After the appointment of the initial directors, any additional or successor director shall be appointed:

(1) In accordance with the provisions of the governing documents governing the appointment of directors; or

(2) If the governing documents do not contain any provision for the appointment of directors, by:

(A) The directors; or

(B) An amendment of the governing documents.

(c) Unless the governing documents provide otherwise, the duration of a director's term shall be indefinite and shall terminate only upon:

(1) In the case of a director who is an individual, the director's incapacity, death, resignation, or removal; or

(2) In the case of a director that is an entity, the director's dissolution, resignation, or removal.

Official source: New Hampshire General Court. Reproduced from public-domain New Hampshire statutes; confirm against the official source for the current text. Not legal advice.