564-F:11-1104 Duty of Prudent Management. – (a) Unless the governing documents provide otherwise, a director has a duty to manage the foundation, its affairs, and its property as a prudent person would manage the foundation, its affairs, and its property. (b) In satisfying the standard under subsection (a), a director shall: (1) Exercise reasonable care and skill; and (2) Consider the factors that are relevant under the circumstances, including: (A) The foundation's purposes; (B) The beneficiaries' interests; and (C) The foundation's distributional requirements. (c) In managing the foundation, its affairs, and its property, a director may incur only costs that are reasonable in relation to the foundation's property, the foundation's purposes, and the director's skills. Source. 2017, 257:47, eff. Oct. 1, 2017.
New Hampshire Legal Code