{"data":{"id":"us-nh/rsa-564-f-11-1102","jurisdiction":"us-nh","citation":"RSA 564-F:11-1102","heading":"Duty of Loyalty.","body":"(a) Unless the governing documents provide otherwise, a director has a duty to manage the foundation and its property solely in the interests of the foundation's purposes and the beneficiaries' interests.\n(b) A transaction not concerning the foundation or its property in which a director engages in the director's personal capacity or a person affiliated, related, or similarly associated with the director engages does not violate the director's duty under subsection (a) to the extent that:\n(1) The director discloses the transaction to the other directors reasonably in advance of the transaction; and\n(2) The transaction is fair to the foundation.\n(c) A transaction not concerning the foundation or its property in which a director engages in the director's personal capacity involves a conflict between personal and fiduciary interests if the transaction concerns an opportunity properly belonging to the foundation.","path":["Title LVI: PROBATE COURTS AND DECEDENTS' ESTATES","Chapter ARTICLE 11: Directors' Duties"],"source_url":"https://gc.nh.gov/rsa/html/LVI/564-F/564-F-11-1102.htm","current_through":"2025 regular legislative session, or December 2025","vintage":"","retrieved_at":"2026-09-05T17:08:19Z","sha256":"ad0c9b6f27aca9878f962af640c2c4c89263efbd92afb0c568d8dc6a26e5e8f8","source_id":"us-nh","stale":false,"prev":"us-nh/rsa-564-f-11-1101","next":"us-nh/rsa-564-f-11-1103"},"notice":"GroundRules: Original legal text. Not legal advice."}