TITLE XXVIII
PARTNERSHIPS

CHAPTER 304-C
LIMITED LIABILITY COMPANIES

Fiduciary Duties and Related Matters

Section 304-C:108

    304-C:108 Duty and Standard of Care. –
I. Unless the operating agreement provides otherwise, managers shall have a duty of care to the limited liability company and to the members.
II. Unless the operating agreement provides otherwise, managers shall discharge their management duties with the care that a person in a like position would reasonably believe appropriate under similar circumstances.

Source. 2012, 232:2, eff. Jan. 1, 2013.