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N.H. Rev. Stat. Ann. § 564-F:2-202

Rules of Construction

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) In interpreting or construing this chapter or a provision of a governing document, the power or obligation to distribute, appoint, or direct the distribution of property to a person includes the power to distribute, appoint, or direct the distribution of the property for the benefit of that person.

(b) In interpreting or construing this chapter or a provision of a governing document, the following considerations shall apply:

(1) Primary consideration shall be given to the preservation of the founder's intent as expressed in the governing documents.

(2) Secondary consideration shall be given to the following objectives, in no order of priority among them:

(A) The protection of the beneficiaries' interests consistent with the founder's intent as expressed in the governing documents;

(B) The promotion of certainty concerning the foundation officials' duties, powers, and liabilities, including the division of those duties, powers, and liabilities among the foundation officials; and

(C) The promotion of the efficient administration of the foundation.

(c) The word "include" and any variants of that word shall be construed as words of enlargement and shall not be construed as words of limitation or restriction.

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.