New Hampshire Foundation Act

New Hampshire · New Hampshire Foundation Act · §§ 564-F:10-1001 to 564-F:9-901 · 134 sections

Overview

The New Hampshire Foundation Act governs foundations formed under New Hampshire law, defining the scope of its application and reserving to the state the power to amend or repeal it. It establishes a board of directors as the governing body, addressing director qualifications, number, classes, appointment and term, resignation and removal, the use of committees and delegation, and the mechanics of voting, meetings, and action by consent. It also imposes fiduciary duties on directors — to manage the foundation in good faith, and duties of loyalty, impartiality, prudent management, control and protection of foundation property, recordkeeping, and disclosure — along with a standard addressing a director's skills, and it recognizes protectors as a separate office subject to a good-faith duty and its own skill standard.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.

Sections covered

N.H. Rev. Stat. Ann. § 564-F:10-1001Board of Directors
N.H. Rev. Stat. Ann. § 564-F:10-1002Qualifications
N.H. Rev. Stat. Ann. § 564-F:10-1003Number
N.H. Rev. Stat. Ann. § 564-F:10-1004Classes
N.H. Rev. Stat. Ann. § 564-F:10-1005Appointment and Term
N.H. Rev. Stat. Ann. § 564-F:10-1006Resignation
N.H. Rev. Stat. Ann. § 564-F:10-1007Removal
N.H. Rev. Stat. Ann. § 564-F:10-1008Committees
N.H. Rev. Stat. Ann. § 564-F:10-1009Delegation
N.H. Rev. Stat. Ann. § 564-F:10-1010Voting
N.H. Rev. Stat. Ann. § 564-F:10-1011Meetings
N.H. Rev. Stat. Ann. § 564-F:10-1012Actions by Consent
N.H. Rev. Stat. Ann. § 564-F:1-101Short Title
N.H. Rev. Stat. Ann. § 564-F:1-102Scope
N.H. Rev. Stat. Ann. § 564-F:1-103Reservation of Power to Amend or Repeal
N.H. Rev. Stat. Ann. § 564-F:11-1101Duty to Manage the Foundation in Good Faith
N.H. Rev. Stat. Ann. § 564-F:11-1102Duty of Loyalty
N.H. Rev. Stat. Ann. § 564-F:11-1103Duty of Impartiality
N.H. Rev. Stat. Ann. § 564-F:11-1104Duty of Prudent Management
N.H. Rev. Stat. Ann. § 564-F:11-1105Duty to Control and Protect Foundation Property
N.H. Rev. Stat. Ann. § 564-F:11-1106Duty to Maintain Records
N.H. Rev. Stat. Ann. § 564-F:11-1107Duty to Inform
N.H. Rev. Stat. Ann. § 564-F:11-1108Director's Skills
N.H. Rev. Stat. Ann. § 564-F:12-1201Protectors
N.H. Rev. Stat. Ann. § 564-F:12-1202Qualifications
N.H. Rev. Stat. Ann. § 564-F:12-1203Number
N.H. Rev. Stat. Ann. § 564-F:12-1204Classes
N.H. Rev. Stat. Ann. § 564-F:12-1205Appointment and Term
N.H. Rev. Stat. Ann. § 564-F:12-1206Resignation
N.H. Rev. Stat. Ann. § 564-F:12-1207Removal
N.H. Rev. Stat. Ann. § 564-F:12-1208Committees
N.H. Rev. Stat. Ann. § 564-F:12-1209Delegation
N.H. Rev. Stat. Ann. § 564-F:12-1210Voting
N.H. Rev. Stat. Ann. § 564-F:12-1211Meetings
N.H. Rev. Stat. Ann. § 564-F:12-1212Actions by Consent
N.H. Rev. Stat. Ann. § 564-F:13-1301Duty to Act in Good Faith
N.H. Rev. Stat. Ann. § 564-F:13-1302Duty of Loyalty
N.H. Rev. Stat. Ann. § 564-F:13-1303Duty of Impartiality
N.H. Rev. Stat. Ann. § 564-F:13-1304Duty to Maintain Records
N.H. Rev. Stat. Ann. § 564-F:13-1305Protector's Skills
N.H. Rev. Stat. Ann. § 564-F:14-1401Nature of Beneficial Interests
N.H. Rev. Stat. Ann. § 564-F:14-1402Representatives
N.H. Rev. Stat. Ann. § 564-F:14-1403Return of Improper Distributions
N.H. Rev. Stat. Ann. § 564-F:14-1404Enforcement of No-Contest Provision
N.H. Rev. Stat. Ann. § 564-F:15-1501Liability of Foundation Officials and Beneficiaries to Third Parties
N.H. Rev. Stat. Ann. § 564-F:15-1502Liability of Foundation for Certain Claims Against a Founder
N.H. Rev. Stat. Ann. § 564-F:15-1503Rights of a Beneficiary's Creditors and Assignees
N.H. Rev. Stat. Ann. § 564-F:16-1601Role of Court in a Foundation's Affairs
N.H. Rev. Stat. Ann. § 564-F:16-1602Jurisdiction over Foundation Officials and Beneficiaries
N.H. Rev. Stat. Ann. § 564-F:16-1603Subject-Matter Jurisdiction
N.H. Rev. Stat. Ann. § 564-F:16-1604Venue
N.H. Rev. Stat. Ann. § 564-F:16-1605Confidential Information
N.H. Rev. Stat. Ann. § 564-F:16-1606Nonjudicial Settlement Agreement
N.H. Rev. Stat. Ann. § 564-F:16-1607Nonjudicial Dispute Resolution
N.H. Rev. Stat. Ann. § 564-F:17-1701Modification
N.H. Rev. Stat. Ann. § 564-F:17-1702Reformation
N.H. Rev. Stat. Ann. § 564-F:17-1703Cy Pres
N.H. Rev. Stat. Ann. § 564-F:18-1801Remedies for Breach of Duty
N.H. Rev. Stat. Ann. § 564-F:18-1802Damages for Breach of Duty
N.H. Rev. Stat. Ann. § 564-F:18-1803Damages in Absence of Breach of Duty
N.H. Rev. Stat. Ann. § 564-F:18-1804Attorney's Fees and Costs
N.H. Rev. Stat. Ann. § 564-F:18-1805Limitation of Action Against a Foundation Official
N.H. Rev. Stat. Ann. § 564-F:18-1806Reliance on the Governing Documents
N.H. Rev. Stat. Ann. § 564-F:18-1807Event Affecting Administration or Distribution
N.H. Rev. Stat. Ann. § 564-F:18-1808Exculpation of a Foundation Official
N.H. Rev. Stat. Ann. § 564-F:18-1809Beneficiary's Consent, Release, or Ratification
N.H. Rev. Stat. Ann. § 564-F:19-1901Merger
N.H. Rev. Stat. Ann. § 564-F:19-1902Effects of Merger
N.H. Rev. Stat. Ann. § 564-F:20-2001Dissolution by Organizers or Initial Directors
N.H. Rev. Stat. Ann. § 564-F:20-2002Dissolution by Founder
N.H. Rev. Stat. Ann. § 564-F:20-2003Dissolution by Board of Directors
N.H. Rev. Stat. Ann. § 564-F:20-2004Revocation of Dissolution
N.H. Rev. Stat. Ann. § 564-F:20-2005Effect of Dissolution
N.H. Rev. Stat. Ann. § 564-F:20-2006Known Claims Against Dissolved Foundation
N.H. Rev. Stat. Ann. § 564-F:20-2007Other Claims Against Dissolved Foundation
N.H. Rev. Stat. Ann. § 564-F:20-2008Director Duties
N.H. Rev. Stat. Ann. § 564-F:20-2009Administrative Dissolution
N.H. Rev. Stat. Ann. § 564-F:20-2010Effects of Administrative Dissolution
N.H. Rev. Stat. Ann. § 564-F:20-2011Reinstatement After Administrative Dissolution
N.H. Rev. Stat. Ann. § 564-F:20-2012Appeal from Denial of Reinstatement
N.H. Rev. Stat. Ann. § 564-F:20-2013Judicial Dissolution
N.H. Rev. Stat. Ann. § 564-F:21-2101Activities in This State
N.H. Rev. Stat. Ann. § 564-F:21-2102Registration
N.H. Rev. Stat. Ann. § 564-F:21-2103Amended Registration
N.H. Rev. Stat. Ann. § 564-F:21-2104Restated Certificate of Registration
N.H. Rev. Stat. Ann. § 564-F:21-2105Effect of Registration
N.H. Rev. Stat. Ann. § 564-F:21-2106Effect of Engaging in Registrable Activities Without Registration
N.H. Rev. Stat. Ann. § 564-F:21-2107Registered Agent
N.H. Rev. Stat. Ann. § 564-F:21-2108Registered Office
N.H. Rev. Stat. Ann. § 564-F:21-2109Change of the Registered Agent
N.H. Rev. Stat. Ann. § 564-F:21-2110Resignation of the Registered Agent
N.H. Rev. Stat. Ann. § 564-F:21-2111Registered Agent's Change of Address
N.H. Rev. Stat. Ann. § 564-F:21-2112Change of the Registered Office
N.H. Rev. Stat. Ann. § 564-F:21-2113Service on a Foundation
N.H. Rev. Stat. Ann. § 564-F:21-2114Voluntary Cancellations of Registration
N.H. Rev. Stat. Ann. § 564-F:21-2115Automatic Cancellation upon Certain Mergers
N.H. Rev. Stat. Ann. § 564-F:21-2116Administrative Cancellation
N.H. Rev. Stat. Ann. § 564-F:21-2117Effects of Administrative Cancellation
N.H. Rev. Stat. Ann. § 564-F:21-2118Appeal from Administrative Cancellation
N.H. Rev. Stat. Ann. § 564-F:21-2119Domestication
N.H. Rev. Stat. Ann. § 564-F:21-2120Date of Domestication
N.H. Rev. Stat. Ann. § 564-F:21-2121Effects of Domestication
N.H. Rev. Stat. Ann. § 564-F:2-201Definitions
N.H. Rev. Stat. Ann. § 564-F:2-202Rules of Construction
N.H. Rev. Stat. Ann. § 564-F:22-2201Annual Reports
N.H. Rev. Stat. Ann. § 564-F:22-2202Correcting Filed Document
N.H. Rev. Stat. Ann. § 564-F:22-2203Penalty for Filing False Document
N.H. Rev. Stat. Ann. § 564-F:22-2204Collections and Payments of Fees
N.H. Rev. Stat. Ann. § 564-F:22-2205Fees
N.H. Rev. Stat. Ann. § 564-F:23-2301Director of Charitable Trusts
N.H. Rev. Stat. Ann. § 564-F:23-2302Department of Health and Human Services
N.H. Rev. Stat. Ann. § 564-F:23-2303Severability
N.H. Rev. Stat. Ann. § 564-F:3-301Formation
N.H. Rev. Stat. Ann. § 564-F:3-302Date of Formation
N.H. Rev. Stat. Ann. § 564-F:3-303Legal Status
N.H. Rev. Stat. Ann. § 564-F:3-304Pre-Formation Transactions
N.H. Rev. Stat. Ann. § 564-F:3-305Amendment of the Certificate of Formation
N.H. Rev. Stat. Ann. § 564-F:3-306Restated Certificate of Formation
N.H. Rev. Stat. Ann. § 564-F:4-401Name
N.H. Rev. Stat. Ann. § 564-F:4-402Reservation of Name
N.H. Rev. Stat. Ann. § 564-F:5-501Registered Agent
N.H. Rev. Stat. Ann. § 564-F:5-502Registered Office
N.H. Rev. Stat. Ann. § 564-F:5-503Change of the Registered Agent
N.H. Rev. Stat. Ann. § 564-F:5-504Resignation of the Registered Agent
N.H. Rev. Stat. Ann. § 564-F:5-505Registered Agent's Change of Address
N.H. Rev. Stat. Ann. § 564-F:5-506Change of the Registered Office
N.H. Rev. Stat. Ann. § 564-F:5-507Service on a Foundation
N.H. Rev. Stat. Ann. § 564-F:6-601Purpose
N.H. Rev. Stat. Ann. § 564-F:7-701Bylaws
N.H. Rev. Stat. Ann. § 564-F:7-702Reserved Powers
N.H. Rev. Stat. Ann. § 564-F:7-703Amendment and Restatement of the Bylaws
N.H. Rev. Stat. Ann. § 564-F:8-801General Powers
N.H. Rev. Stat. Ann. § 564-F:8-802Trust Powers
N.H. Rev. Stat. Ann. § 564-F:9-901Capital

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