564-F:11-1103 Duty of Impartiality. –
Unless the governing documents provide otherwise, if a foundation has two or more beneficiaries, then a director has a duty to act impartially in managing the foundation, its affairs, and its property, giving due regard to the foundation’s purposes and the beneficiaries’ interests.
Source. 2017, 257:47, eff. Oct. 1, 2017.