New Hampshire § 304-C-109 - Section 304-C:109 Business Judgment Rule.
Full text of New Hampshire New Hampshire Revised Statutes Annotated § 304-C-109 — Section 304-C:109 Business Judgment Rule., with citation guidance and answers to common questions.
§ 304-C-109. Section 304-C:109 Business Judgment Rule.
I. Unless the operating agreement provides otherwise, there shall be a rebuttable presumption that a manager has not breached the manager's duty of care if, in the matter in question, the manager has acted: (a) In accordance with contractual good faith; (b) In a manner the manager reasonably believed to be in the best interest of the limited liability company; and (c) On the basis of reasonably adequate information. II. As used in this act, the phrase "contractual good faith" means good faith within the meaning of the implied contractual covenant of good faith and fair dealing as partially defined in RSA 304-C:111, II.
Source: official New Hampshire text · Last verified 2026-08-27
Frequently Asked Questions About New Hampshire § 304-C-109
What does New Hampshire Revised Statutes Annotated § 304-C-109 cover?
Section 304-C-109 ("Section 304-C:109 Business Judgment Rule.") is part of the New Hampshire Revised Statutes Annotated, the codified statutory law of New Hampshire. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Hampshire § 304-C-109?
A common citation format is "New Hampshire Revised Statutes Annotated § 304-C-109" (New Hampshire). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Hampshire law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Hampshire official source linked on this page or consult a licensed New Hampshire attorney.
How does New Hampshire § 304-C-109 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Hampshire can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Hampshire.