New Hampshire Revised Statutes 564-F:10-1005 – Appointment and Term
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(a) The initial directors shall be appointed by:
(1) The organizers; or
(2) The founder.
(b) After the appointment of the initial directors, any additional or successor director shall be appointed:
(1) In accordance with the provisions of the governing documents governing the appointment of directors; or
(2) If the governing documents do not contain any provision for the appointment of directors, by:
(A) The directors; or
(B) An amendment of the governing documents.
(c) Unless the governing documents provide otherwise, the duration of a director’s term shall be indefinite and shall terminate only upon:
(1) In the case of a director who is an individual, the director’s incapacity, death, resignation, or removal; or
(2) In the case of a director that is an entity, the director’s dissolution, resignation, or removal.
(1) The organizers; or
Terms Used In New Hampshire Revised Statutes 564-F:10-1005
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
(2) The founder.
(b) After the appointment of the initial directors, any additional or successor director shall be appointed:
(1) In accordance with the provisions of the governing documents governing the appointment of directors; or
(2) If the governing documents do not contain any provision for the appointment of directors, by:
(A) The directors; or
(B) An amendment of the governing documents.
(c) Unless the governing documents provide otherwise, the duration of a director’s term shall be indefinite and shall terminate only upon:
(1) In the case of a director who is an individual, the director’s incapacity, death, resignation, or removal; or
(2) In the case of a director that is an entity, the director’s dissolution, resignation, or removal.