RSA 304-C:115: Exculpations-in General.
Where this section sits in the code
- Title XXVIII: PARTNERSHIPS
- Chapter 304-C: LIMITED LIABILITY COMPANIES
- Fiduciary Duties and Related Matters
An operating agreement may provide for the limitation or elimination of any and all liabilities for breach of contract and breach of duties, including fiduciary duties, of a member, manager, or other person to a limited liability company or to another member or manager, or to another person that is a party to or is otherwise bound by an operating agreement; provided, that an operating agreement may not limit or eliminate liability for any act or omission that constitutes a violation of the implied contractual covenant of good faith and fair dealing.
Collected 2026-09-05T14:54:51Z. Source file · JSON