Section 564-F:20-2006 – Known Claims Against Dissolved Foundation.
564-F:20-2006 Known Claims Against Dissolved Foundation. – (a) A dissolved foundation may dispose of a known claimant’s claim against the dissolved foundation by delivering to the claimant a written notice of the dissolution at any time after the dissolution’s effective date. (b) The notice of dissolution shall set forth: (1) A description of the […]
Section 564-F:20-2007 – Other Claims Against Dissolved Foundation.
564-F:20-2007 Other Claims Against Dissolved Foundation. – (a) A dissolved foundation may publish notice of its dissolution and request that persons with claims against the dissolved foundation present them in accordance with the notice. (b) The notice shall be published one time in a newspaper of general circulation in: (1) The county in which […]
Section 564-F:20-2008 – Director Duties.
564-F:20-2008 Director Duties. – (a) A director of a dissolved foundation shall have the following duties: (1) A duty to cause the dissolved foundation to discharge its liabilities or make reasonable provision for discharging its liabilities; and (2) A duty to cause the dissolved foundation to distribute its remaining property in accordance with the […]
Section 564-F:20-2009 – Administrative Dissolution.
564-F:20-2009 Administrative Dissolution. – (a) The secretary of state may administratively dissolve a foundation if: (1) For 2 consecutive years, the foundation does not pay the annual fee or any penalty imposed by this chapter or other law within 60 days after the fee or penalty is due; (2) For 2 consecutive years, the […]
Section 564-F:20-2010 – Effects of Administrative Dissolution.
564-F:20-2010 Effects of Administrative Dissolution. – (a) A foundation that is administratively dissolved continues its existence as a legal entity but may not engage in any activities except to the extent necessary or appropriate to wind up its affairs in accordance with RSA 564-F:20-2005 to RSA 564-F:20-2008. (b) A foundation’s administrative dissolution does not […]
Section 564-F:20-2011 – Reinstatement After Administrative Dissolution.
564-F:20-2011 Reinstatement After Administrative Dissolution. – (a) For a period of three years after the effective date of its dissolution, a foundation that has been administratively dissolved under RSA 564-F:20-2009 may apply to the secretary of state for reinstatement. (b) The application for reinstatement shall include: (1) The foundation’s name; (2) The effective date […]
Section 564-F:20-2012 – Appeal from Denial of Reinstatement.
564-F:20-2012 Appeal from Denial of Reinstatement. – (a) If the secretary of state denies a foundation’s application for reinstatement following administrative dissolution, then the secretary of state shall send to the foundation written notice of denial. (b) The notice of denial shall set forth each of the secretary of state’s reasons for denial. (c) […]
Section 564-F:18-1808 – Exculpation of a Foundation Official.
564-F:18-1808 Exculpation of a Foundation Official. – (a) Subject to subsection (b), a provision of the governing documents relieving a foundation official of liability for breach of duty is enforceable except to the extent that the provision relieves the foundation official of liability for a breach of duty for: (1) Failing to act in […]
Section 564-F:18-1809 – Beneficiary’s Consent, Release, or Ratification.
564-F:18-1809 Beneficiary’s Consent, Release, or Ratification. – (a) Subject to subsection (b), a foundation official is not liable to a beneficiary for breach of duty if the beneficiary: (1) Consented to the conduct constituting the breach of duty; (2) Released the foundation official from liability for the breach of duty; or (3) Ratified the […]
Section 564-F:19-1901 – Merger.
564-F:19-1901 Merger. – (a) Subject to subsections (f) and (g), one or more foundations may merge with one or more foundations by filing with the secretary of state a certificate of merger. (b) Subject to subsections (f) and (g), one or more foundations and one or more foreign foundations may merge into a foundation […]