Source. 2012, 232:2, eff. Jan. 1, 2013.
Structure New Hampshire Revised Statutes
New Hampshire Revised Statutes
Title 304-C - Limited Liability Companies
Section 304-C:1 - Short Title.
Section 304-C:2 - The Policy of This Act.
Section 304-C:3 - Effective Date of This Act.
Section 304-C:4 - Replacement of Previous Act.
Section 304-C:5 - Transitional Provisions.
Section 304-C:7 - Certificate of Formation.
Section 304-C:8 - Contribution.
Section 304-C:9 - Foreign Limited Liability Company.
Section 304-C:11 - Limited Liability Company.
Section 304-C:12 - Limited Liability Company Interest.
Section 304-C:15 - Membership Rights.
Section 304-C:16 - Operating Agreement.
Section 304-C:19 - Legal Status of Limited Liability Company as Entity; Duration of Entity Status.
Section 304-C:20 - Number of Members.
Section 304-C:21 - Permitted Purposes.
Section 304-C:22 - Permitted Powers.
Section 304-C:22-a - Trust Powers.
Section 304-C:23 - Liability of Members and Managers to Third Parties.
Section 304-C:24 - Nature and Transferability of Membership Rights.
Section 304-C:25 - Governing Law.
Section 304-C:26 - Interest of Members in Limited Liability Company Property.
Section 304-C:27 - Reservation of Name of Limited Liability Company.
Section 304-C:28 - Requirements for Filing of Documents Under This Act.
Section 304-C:28-a - Online Filing.
Section 304-C:29 - Effective Time and Date of Filed Documents.
Section 304-C:30 - Filing and Certification of Certificates.
Section 304-C:31 - Certificate of Formation-General Requirements.
Section 304-C:32 - Name Set Forth in Certificate of Formation.
Section 304-C:33 - Certificates of Formation as Notice.
Section 304-C:34 - Amendments to Certificates of Formation.
Section 304-C:35 - Restated Certificates of Formation.
Section 304-C:36 - Limited Liability Company Registered Offices and Registered Agents.
Section 304-C:37 - Service of Process on Domestic Limited Liability Companies.
Section 304-C:39 - Signing, Amendment, and Cancellation of Certificates by Judicial Order.
Section 304-C:40 - Form of Operating Agreement.
Section 304-C:41 - Binding Effect of Operating Agreements.
Section 304-C:42 - No Requirement That Limited Liability Company Sign Agreement.
Section 304-C:44 - Statute of Frauds Inapplicable to Limited Liability Company Agreements.
Section 304-C:45 - Operating Agreements May Provide Rights to any Persons, Including Non-Parties.
Section 304-C:47 - Management of Limited Liability Companies.
Section 304-C:48 - Method of Appointment of Managers.
Section 304-C:49 - Offices and Responsibilities of Managers.
Section 304-C:50 - Termination of Status as Manager.
Section 304-C:51 - Managers who are Also Members.
Section 304-C:52 - Agency Power of Members and Managers, Etc.
Section 304-C:53 - Admissions of Members.
Section 304-C:54 - Classes of Members, Etc.
Section 304-C:55 - Members' and Managers' Rights to Limited Liability Company Information, Etc.
Section 304-C:56 - Actions in the Superior Court to Enforce Rights Under RSA 304-C:55.
Section 304-C:57 - Certificates of Membership Rights, Etc.
Section 304-C:58 - Rights and Duties of Members.
Section 304-C:59 - Resolution of Disputes About the Status of Persons as Members.
Section 304-C:60 - Meetings of Members; Written Votes.
Section 304-C:61 - Notices for Member Meetings and Voting Procedures.
Section 304-C:62 - General Meetings Upon Demand by Members.
Section 304-C:63 - Special Meetings Upon Demand by Members.
Section 304-C:64 - Vote, Majority Vote, Etc.-Definitions.
Section 304-C:65 - Members' Voting Power.
Section 304-C:66 - Matters That the Members May Decide by Vote.
Section 304-C:67 - Voting Requirements.
Section 304-C:68 - Matters Requiring Unanimous Vote of the Other Members.
Section 304-C:69 - Matters Requiring Majority Vote of the Disinterested Members.
Section 304-C:70 - Permissibility of Actions Not Requiring Member Votes.
Section 304-C:71 - Right of Members to Vote Separately.
Section 304-C:72 - Appointment of Managers.
Section 304-C:73 - Contributions by Managers.
Section 304-C:74 - Offices and Responsibilities of Managers.
Section 304-C:75 - Duration of Managers' Terms.
Section 304-C:76 - Classes of Managers.
Section 304-C:77 - Permissibility of Manager Actions Not Requiring Manager Votes.
Section 304-C:78 - Managers' Voting Power.
Section 304-C:79 - Managers' Voting Requirement.
Section 304-C:80 - Right of Managers to Vote Separately.
Section 304-C:81 - Notices for Manager Meetings, Etc.
Section 304-C:82 - Meetings of Managers.
Section 304-C:83 - Delegations by Managers.
Section 304-C:84 - Manager Resignations.
Section 304-C:85 - Permitted Forms of Contributions.
Section 304-C:86 - Valuations of Non-Cash Contributions.
Section 304-C:87 - Liability of Members for Promised Contributions.
Section 304-C:88 - Remedies for Breaches of Operating Agreements by Members, Etc.
Section 304-C:89 - Allocations-Definition.
Section 304-C:90 - Formula for Allocations of Profits and Losses.
Section 304-C:91 - Distribution, Etc.-Definitions.
Section 304-C:92 - Members as Creditors With Respect to Certain Distributions.
Section 304-C:93 - Limitations on Distributions.
Section 304-C:94 - Interim Distributions.
Section 304-C:95 - Allocations of Distributions.
Section 304-C:96 - Form of Distributions.
Section 304-C:97 - Record Dates for Distributions.
Section 304-C:98 - Dissociation-Definition.
Section 304-C:99 - Certain Effects of Dissociation.
Section 304-C:100 - Statutory Events of Dissociation Applicable to all Members.
Section 304-C:102 - Other Permissible Events of Dissociation.
Section 304-C:103 - Member Withdrawals.
Section 304-C:104 - Judicial Removal of Member.
Section 304-C:105 - Distributions Upon Member Dissociation.
Section 304-C:106 - Application to Certain Members of Fiduciary Duties Applicable to Managers.
Section 304-C:107 - Expansion, Restriction and Elimination of Duties.
Section 304-C:108 - Duty and Standard of Care.
Section 304-C:109 - Business Judgment Rule.
Section 304-C:110 - Duty of Loyalty-in General.
Section 304-C:111 - Implied Contractual Covenant of Good Faith and Fair Dealing.
Section 304-C:112 - Defense of Reliance on Records of Limited Liability Company.
Section 304-C:114 - Remedies for Breaches of Operating Agreements by Managers.
Section 304-C:115 - Exculpations-in General.
Section 304-C:116 - Indemnification.
Section 304-C:117 - Advancement of Legal Costs, Etc.
Section 304-C:118 - Transfers, Etc.-Definitions.
Section 304-C:119 - Nature of Membership Rights, Etc.
Section 304-C:120 - Limited Liability Company Grants of Membership Rights.
Section 304-C:121 - Transfers of Membership Rights.
Section 304-C:122 - Pledges of Membership Rights.
Section 304-C:123 - Transfers or Pledges of Limited Liability Company Interests.
Section 304-C:126 - Charging Orders.
Section 304-C:127 - Effect of Dissolution of Limited Liability Company.
Section 304-C:128 - Dissolution, Winding Up and Liquidation-Definitions.
Section 304-C:129 - Events of Dissolution-In General.
Section 304-C:130 - Revocation of Dissolution by Majority Vote of the Members.
Section 304-C:131 - Non-Dissolution of Single-Member Limited Liability Company.
Section 304-C:132 - Non-Dissolution of Limited Liability Company Upon Member Dissociation.
Section 304-C:133 - Appointment of Successor Member Under Operating Agreement.
Section 304-C:134 - Judicial Dissolution Upon Application by a Member.
Section 304-C:135 - Judicial Dissolution Upon Application by Attorney General.
Section 304-C:136 - Administrative Dissolution.
Section 304-C:137 - Procedures for and Certain Effects of Administrative Dissolution.
Section 304-C:138 - Reinstatement Following Administrative Dissolution.
Section 304-C:139 - Winding Up and Liquidation of Limited Liability Companies.
Section 304-C:142 - Certificate of Cancellation of Certificate of Formation.
Section 304-C:143 - Dispositions of Known Claims Against Dissolved Limited Liability Company.
Section 304-C:144 - Disposition of Unknown Claims Against Dissolved Limited Liability Company.
Section 304-C:145 - Late Reinstatements-In General.
Section 304-C:146 - Appeals From Denials of Late Reinstatements.
Section 304-C:147 - Statutory Conversion-Definition.
Section 304-C:148 - Other Business Entity; Converting Business Entity.
Section 304-C:149 - Statutory Conversions of Other Business Entities to Limited Liability Companies.
Section 304-C:152 - Effect of Withdrawal of Member of Single-Member Limited Liability Company.
Section 304-C:154 - Provisions in Other Parts of This Act Relevant to Single-Member LLCs.
Section 304-C:155 - Mergers of Limited Liability Companies-In General.
Section 304-C:156 - Merger Approvals.
Section 304-C:157 - Agreements of Merger.
Section 304-C:158 - Certificates of Merger.
Section 304-C:159 - Merger Effects.
Section 304-C:160 - Definitions.
Section 304-C:161 - Right of Members to Dissent-in General.
Section 304-C:165 - Duty of Dissenters to Demand Payment, Etc.
Section 304-C:166 - Limited Liability Companies' Making of Payments to Dissenting Members.
Section 304-C:169 - Procedures if Members are Dissatisfied With Payments or Offers of Payment.
Section 304-C:170 - Appraisal Actions.
Section 304-C:171 - Allocations of Court Costs and Counsel Fees in Appraisal Actions.
Section 304-C:172 - Procedures Relating to Transferees of Limited Liability Company Interests.
Section 304-C:173 - Law Governing Foreign Limited Liability Companies.
Section 304-C:174 - Transactions Not Constituting Doing Business.
Section 304-C:176 - Issuance of Registrations.
Section 304-C:178 - Amendments to Applications to Register Foreign Limited Liability Companies.
Section 304-C:179 - Cancellations of Registrations.
Section 304-C:180 - Doing Business Without Registration.
Section 304-C:181 - Service of Process on Registered Foreign Limited Liability Companies.
Section 304-C:182 - Service of Process on Unregistered Foreign Limited Liability Companies.
Section 304-C:183 - Grounds for Revocation.
Section 304-C:184 - Procedures for and Effect of Revocation.
Section 304-C:185 - Appeals From Revocations.
Section 304-C:186 - Venue and Method for Resolution of Limited Liability Company Internal Disputes.
Section 304-C:187 - Actions by and Against Limited Liability Companies.
Section 304-C:188 - Right to Bring Actions on Behalf of Limited Liability Companies.
Section 304-C:189 - Effects of Lack of Authority to Bring Actions.
Section 304-C:190 - Right of Members to Bring Direct Actions.
Section 304-C:193 - Resolution of Cases Not Provided for in This Act.
Section 304-C:194 - Annual Reports to Secretary of State.
Section 304-C:195 - Administrative Collections and Payments of Fees; Related Matters.
Section 304-C:196 - Administrative Rulemaking.
Section 304-C:197 - Filing of Certificates, Etc. Online.
Section 304-C:198 - Severability of Provisions.
Section 304-C:199 - Singular and Plural.
Section 304-C:203 - Equivalent Effects.
Section 304-C:204 - Reserved Power of State of New Hampshire to Alter or Repeal Act.
Section 304-C:205 - Domestication.
Section 304-C:206 - Action on a Plan of Domestication.
Section 304-C:207 - Articles of Domestication.
Section 304-C:208 - Surrender of Charter Upon Domestication.