New Hampshire Revised Statutes 304-C:117 – Advancement of Legal Costs, Etc
Current as of: 2023 | Check for updates
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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.
I. If the operating agreement so provides; or
II. If a majority of the disinterested members so vote.