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§ 304-c-106 — New Hampshire Law | CourtGPT
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  6. § 304-c-106
New Hampshire Legal Code

§ 304-c-106

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304-C:106 Application to Certain Members of Fiduciary Duties Applicable to Managers. – Unless the operating agreement provides otherwise, the duties imposed on managers of limited liability companies under this subdivision shall apply also to: I. Members of member-managed multi-member limited liability companies; and II. Non-manager members of manager-managed multi-member limited liability companies to the extent that these non-manager members exercise management functions for these limited liability companies. Source. 2012, 232:2, eff. Jan. 1, 2013.