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N.H. Rev. Stat. Ann. § 564-F:11-1105

Duty to Control and Protect Foundation Property

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) 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.

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.