{"data":{"id":"us-nh/rsa-564-f-11-1104","jurisdiction":"us-nh","citation":"RSA 564-F:11-1104","heading":"Duty of Prudent Management.","body":"(a) Unless the governing documents provide otherwise, a director has a duty to manage the foundation, its affairs, and its property as a prudent person would manage the foundation, its affairs, and its property.\n(b) In satisfying the standard under subsection (a), a director shall:\n(1) Exercise reasonable care and skill; and\n(2) Consider the factors that are relevant under the circumstances, including:\n(A) The foundation's purposes;\n(B) The beneficiaries' interests; and\n(C) The foundation's distributional requirements.\n(c) In managing the foundation, its affairs, and its property, a director may incur only costs that are reasonable in relation to the foundation's property, the foundation's purposes, and the director's skills.","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-11-1104.htm","current_through":"2025 regular legislative session, or December 2025","vintage":"","retrieved_at":"2026-09-05T17:08:19Z","sha256":"ea784a562d6529df45252ed70ba2a83a403d47ddeba3c33f0529fb2faee86ffe","source_id":"us-nh","stale":false,"prev":"us-nh/rsa-564-f-11-1103","next":"us-nh/rsa-564-f-11-1105"},"notice":"GroundRules: Original legal text. Not legal advice."}