304-C:117 Advancement of Legal Costs, Etc. –
Subject to such standards and restrictions, if any, as are set forth in its operating agreement, a limited liability company may advance to members, managers, and other persons their costs, including legal fees, in defending themselves against claims arising from their relationship to the limited liability company:
I. If the operating agreement so provides; or
II. If a majority of the disinterested members so vote.
Source. 2012, 232:2, eff. Jan. 1, 2013.