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New Hampshire · Through 2025 regular legislative session, or December 2025

RSA 304-C:117: Advancement of Legal Costs, Etc.

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Where this section sits in the code
  1. Title XXVIII: PARTNERSHIPS
  2. Chapter 304-C: LIMITED LIABILITY COMPANIES
  3. Fiduciary Duties and Related Matters

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.

Collected 2026-09-05T14:54:51Z. Source file · JSON

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