564-F:12-1201 Protectors. –
(a) A foundation may have one or more protectors.
(b) A protector shall have any duties and powers set forth in the governing documents.
(c) Unless the governing documents provide otherwise, a protector shall have the power to commence a judicial proceeding for the purposes of:
(1) Protecting the foundation’s purposes; or
(2) Enforcing the provisions of the governing documents.
Source. 2017, 257:47, eff. Oct. 1, 2017.