Unless the governing documents provide otherwise, a director has a duty to keep each qualified beneficiary reasonably informed about the foundation, the management of the foundation's affairs and property, and all material facts necessary for the beneficiary to protect the beneficiary's interests.
N.H. Rev. Stat. Ann. § 564-F:11-1107
Duty to Inform
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
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.