New Hampshire Revised Statutes 564-F:11-1107 – Duty to Inform
Current as of: 2023 | Check for updates
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Terms Used In New Hampshire Revised Statutes 564-F:11-1107
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
Unless the governing documents provide otherwise, a director has a duty to keep each qualified beneficiary reasonably informed about the foundation, the management of the foundation’s affairs and property, and all material facts necessary for the beneficiary to protect the beneficiary’s interests.