New Hampshire Revised Statutes 564-F:18-1803 – Damages in Absence of Breach of Duty
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(a) Even absent a breach of duty, a foundation official is accountable to an affected beneficiary for any profit made by the foundation official arising from the foundation’s administration.
(b) Absent a breach of duty, a foundation official is not liable to a beneficiary for a loss or depreciation in the value of the foundation property or for not having made a profit.
(c) This section does not preclude the payment of reasonable compensation to a foundation official.
(b) Absent a breach of duty, a foundation official is not liable to a beneficiary for a loss or depreciation in the value of the foundation property or for not having made a profit.
Terms Used In New Hampshire Revised Statutes 564-F:18-1803
- 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
(c) This section does not preclude the payment of reasonable compensation to a foundation official.