TITLE LVI
PROBATE COURTS AND DECEDENTS' ESTATES

CHAPTER 564-F
NEW HAMPSHIRE FOUNDATION ACT

ARTICLE 20
Dissolution

Part A
Voluntary Dissolution

Section 564-F:20-2008

    564-F:20-2008 Director Duties. –
(a) A director of a dissolved foundation shall have the following duties:
(1) A duty to cause the dissolved foundation to discharge its liabilities or make reasonable provision for discharging its liabilities; and
(2) A duty to cause the dissolved foundation to distribute its remaining property in accordance with the governing documents.
(b) A director of a dissolved foundation that has disposed of claims under RSA 564-F:20-2006 or RSA 564-F:20-2007 shall not be liable for breach of subsection (a) to the extent that the claim against the dissolved foundation is barred or satisfied under RSA 564-F:20-2006 or RSA 564-F:20-2007.

Source. 2017, 257:47, eff. Oct. 1, 2017.