§ 304-c-117

304-C:117 Advancement of Legal Costs, Etc. – Subject to such standards and restrictions, if any, as are set forth in its operating agreement, a limited liability company may advance to members, managers, and other persons their costs, including legal fees, in defending themselves against claims arising from their relationship to the limited liability company: I. If the operating agreement so provides; or II. If a majority of the disinterested members so vote. Source. 2012, 232:2, eff. Jan. 1, 2013.