reglab/housing_qa huggingface dataset:
NH Rev Stat § 304-C:71 (2021)
2021 New Hampshire Revised Statutes|Title XXVIII - Partnerships|Title 304-C - Limited Liability Companies|Section 304-C:71 - Right of Members to Vote Separately.

    304-C:71 Right of Members to Vote Separately. –||An operating agreement may grant to all or certain identified members or a specified class or group of the members the right to vote separately or with all or any class or group of the members or managers, on any matter.|||Source. 2012, 232:2, eff. Jan. 1, 2013.|
NH Rev Stat § 304-C:72 (2021)
2021 New Hampshire Revised Statutes|Title XXVIII - Partnerships|Title 304-C - Limited Liability Companies|Section 304-C:72 - Appointment of Managers.

    304-C:72 Appointment of Managers. –||A person shall be named or designated as a manager of the limited liability company as provided in RSA 304-C:48.|||Source. 2012, 232:2, eff. Jan. 1, 2013.|
NH Rev Stat § 304-C:73 (2021)
2021 New Hampshire Revised Statutes|Title XXVIII - Partnerships|Title 304-C - Limited Liability Companies|Section 304-C:73 - Contributions by Managers.

    304-C:73 Contributions by Managers. –||A manager of a limited liability company who is a member may make contributions to the limited liability company as a member and may share as a member in the profits and losses of the limited liability company and in distributions from it.|||Source. 2012, 232:2, eff. Jan. 1, 2013.|
NH Rev Stat § 304-C:74 (2021)
2021 New Hampshire Revised Statutes|Title XXVIII - Partnerships|Title 304-C - Limited Liability Companies|Section 304-C:74 - Offices and Responsibilities of Managers.

    304-C:74 Offices and Responsibilities of Managers. –||Unless the operating agreement provides otherwise, the managers shall have general responsibility for the management of the limited liability company.|||Source. 2012, 232:2, eff. Jan. 1, 2013.|
NH Rev Stat § 304-C:75 (2021)
2021 New Hampshire Revised Statutes|Title XXVIII - Partnerships|Title 304-C - Limited Liability Companies|Section 304-C:75 - Duration of Managers' Terms.

    304-C:75 Duration of Managers' Terms. –||Unless the operating agreement provides otherwise, the duration of a manager's term shall be indefinite and shall terminate only upon the manager's death, resignation, or removal.|||Source. 2012, 232:2, eff. Jan. 1, 2013.|
NH Rev Stat § 304-C:76 (2021)
2021 New Hampshire Revised Statutes|Title XXVIII - Partnerships|Title 304-C - Limited Liability Companies|Section 304-C:76 - Classes of Managers.

    304-C:76 Classes of Managers. –||I. An operating agreement may provide for classes or groups of managers having such relative rights, powers, and duties as the operating agreement may provide.||II. An operating agreement may make provision for the future creation, in the manner provided in the operating agreement, of additional classes or groups of managers having such relative rights, powers, and duties as may from time to time be established under the operating agreement, including rights, powers, and duties senior to existing classes and groups of managers.||III. An operating agreement may identify managers as directors or officers rather than as managers.|||Source. 2012, 232:2, eff. Jan. 1, 2013.|
NH Rev Stat § 304-C:77 (2021)
2021 New Hampshire Revised Statutes|Title XXVIII - Partnerships|Title 304-C - Limited Liability Companies|Section 304-C:77 - Permissibility of Manager Actions Not Requiring Manager Votes.

    304-C:77 Permissibility of Manager Actions Not Requiring Manager Votes. –||An operating agreement may provide for the taking of an action, including the amendment of the operating agreement, without the vote or approval of any manager or class or group of managers, including an action to create under the provisions of the operating agreement a class or group of membership rights, including limited liability company interests, that was not previously outstanding.|||Source. 2012, 232:2, eff. Jan. 1, 2013.|
NH Rev Stat § 304-C:78 (2021)
2021 New Hampshire Revised Statutes|Title XXVIII - Partnerships|Title 304-C - Limited Liability Companies|Section 304-C:78 - Managers' Voting Power.

    304-C:78 Managers' Voting Power. –||Unless the operating agreement provides otherwise, each manager shall have one vote on each matter that the managers may decide by vote.|||Source. 2012, 232:2, eff. Jan. 1, 2013.|
NH Rev Stat § 304-C:79 (2021)
2021 New Hampshire Revised Statutes|Title XXVIII - Partnerships|Title 304-C - Limited Liability Companies|Section 304-C:79 - Managers' Voting Requirement.

    304-C:79 Managers' Voting Requirement. –||Unless the operating agreement provides otherwise, each matter that the managers may decide by vote shall be decided by vote of a majority of the managers by number.|||Source. 2012, 232:2, eff. Jan. 1, 2013.|
NH Rev Stat § 304-C:80 (2021)
2021 New Hampshire Revised Statutes|Title XXVIII - Partnerships|Title 304-C - Limited Liability Companies|Section 304-C:80 - Right of Managers to Vote Separately.

    304-C:80 Right of Managers to Vote Separately. –||An operating agreement may grant to all or certain identified managers or a specified class or group of the managers the right to vote, separately or with all or any class or group of managers or members, on any matter.|||Source. 2012, 232:2, eff. Jan. 1, 2013.|
NH Rev Stat § 304-C:81 (2021)
2021 New Hampshire Revised Statutes|Title XXVIII - Partnerships|Title 304-C - Limited Liability Companies|Section 304-C:81 - Notices for Manager Meetings, Etc.

    304-C:81 Notices for Manager Meetings, Etc. –||An operating agreement that grants to managers a right to vote may set forth provisions relating to notice of the time, place, or purpose of any meeting at which any matter is to be voted on by any manager or class or group of managers, waiver of any such notice, action by vote without a meeting, the establishment of a record date, quorum requirements, voting in person or by proxy, or any other matter with respect to the exercise of a right to vote.|||Source. 2012, 232:2, eff. Jan. 1, 2013.|
NH Rev Stat § 304-C:82 (2021)
2021 New Hampshire Revised Statutes|Title XXVIII - Partnerships|Title 304-C - Limited Liability Companies|Section 304-C:82 - Meetings of Managers.

    304-C:82 Meetings of Managers. –||I. Unless the operating agreement provides otherwise, meetings of managers may be held by means of conference telephone or other communications equipment by means of which all persons participating in the meeting can hear each other. Participation in a meeting under this paragraph shall constitute presence in person at the meeting.||II. Unless the operating agreement provides otherwise, on any matter that is to be voted on by managers, the managers may take the vote without a meeting and without prior notice if the vote is recorded in a writing setting forth the action so taken and is signed by all of the managers.||III. Unless the operating agreement provides otherwise, a vote transmitted by electronic transmission by a manager or by a person or persons authorized to act for a manager shall be deemed to be written and signed for purposes of this section.||IV. For purposes of this section, the term "electronic transmission" shall have the meaning set forth in RSA 304-C:60, V.|||Source. 2012, 232:2, eff. Jan. 1, 2013.|
NH Rev Stat § 304-C:83 (2021)
2021 New Hampshire Revised Statutes|Title XXVIII - Partnerships|Title 304-C - Limited Liability Companies|Section 304-C:83 - Delegations by Managers.

    304-C:83 Delegations by Managers. –||Unless the operating agreement provides otherwise:||I. The managers may delegate their rights, powers, and authority to third parties; and||II. The managers may designate these third parties as officers of the limited liability company and may endow them with such duties and authority as the managers deem appropriate.|||Source. 2012, 232:2, eff. Jan. 1, 2013.|
NH Rev Stat § 304-C:84 (2021)
2021 New Hampshire Revised Statutes|Title XXVIII - Partnerships|Title 304-C - Limited Liability Companies|Section 304-C:84 - Manager Resignations.

    304-C:84 Manager Resignations. –||Unless the operating agreement provides otherwise, a manager may resign without liability upon 15 days' written notice to the limited liability company and the members.|||Source. 2012, 232:2, eff. Jan. 1, 2013.|
NH Rev Stat § 304-C:85 (2021)
2021 New Hampshire Revised Statutes|Title XXVIII - Partnerships|Title 304-C - Limited Liability Companies|Section 304-C:85 - Permitted Forms of Contributions.

    304-C:85 Permitted Forms of Contributions. –||The contribution of a member to a limited liability company may be in cash, property, or services rendered, or a promissory note or other obligation to contribute cash or property or to perform services.|||Source. 2012, 232:2, eff. Jan. 1, 2013.|
NH Rev Stat § 304-C:86 (2021)
2021 New Hampshire Revised Statutes|Title XXVIII - Partnerships|Title 304-C - Limited Liability Companies|Section 304-C:86 - Valuations of Non-Cash Contributions.

    304-C:86 Valuations of Non-Cash Contributions. –||I. Upon the admission of any member whose contribution is or will be in any form other than money, or who is admitted to membership without contribution, or when a member makes an additional contribution in any form other than money, the persons having management of the limited liability company shall determine and shall state in writing the dollar value of the contribution or that there was no contribution.||II. After a determination under paragraph I, the determination shall, in the absence of fraud, be conclusive as to the value of the contribution or the fact that there was no contribution.|||Source. 2012, 232:2, eff. Jan. 1, 2013.|
NH Rev Stat § 304-C:87 (2021)
2021 New Hampshire Revised Statutes|Title XXVIII - Partnerships|Title 304-C - Limited Liability Companies|Section 304-C:87 - Liability of Members for Promised Contributions.

    304-C:87 Liability of Members for Promised Contributions. –||I. Unless the operating agreement provides otherwise, a promise by a member to contribute to the limited liability company shall not be enforceable unless set forth in a writing signed by the member.||II. Unless the operating agreement provides otherwise, a member shall be obligated to a limited liability company to perform any enforceable promise to contribute cash or property or to perform services even if the member is unable to perform the promise because of death, disability, or any other reason.||III. Unless the operating agreement provides otherwise, if a member does not make a required contribution of property or services, the member shall be obligated at the option of the limited liability company to contribute cash equal to that portion of the agreed value of the contribution that has not been made.||IV. Unless the operating agreement provides otherwise, the option provided under paragraph III shall be in addition to, and not instead of, any other rights that the limited liability company may have against the member under the operating agreement or applicable law, including the right to specific performance.||V. Unless the operating agreement provides otherwise, the obligation of a member to make a contribution to the limited liability company or to return to the limited liability company money or other property that the limited liability company has paid or distributed to the member in violation of this act shall be compromised only by the affirmative vote of all the members.||VI. Notwithstanding a compromise of an obligation under paragraph V, a creditor who extends credit to the limited liability company or who otherwise acts in reliance on that obligation after the member signs a writing that reflects the obligation but before the compromise may enforce the original obligation.||VII. An operating agreement may provide that a member who fails to make a contribution that the member is obligated to make shall be subject to specified penalties or specified consequences because of the failure.||VIII. Unless the operating agreement provides otherwise, a penalty or consequence under paragraph VII may take the form of reducing or eliminating the member's proportionate membership rights in a limited liability company, subordinating the member's membership rights to that of nondefaulting members, a forced sale of the member's membership rights, forfeiture of the member's membership rights, the lending by other members of the amount necessary to meet the member's commitment, a fixing of the value of the member's membership rights by appraisal or by formula and redemption or sale of the member's membership rights at that value, or any other penalty or consequence.|||Source. 2012, 232:2, eff. Jan. 1, 2013.|
NH Rev Stat § 304-C:88 (2021)
2021 New Hampshire Revised Statutes|Title XXVIII - Partnerships|Title 304-C - Limited Liability Companies|Section 304-C:88 - Remedies for Breaches of Operating Agreements by Members, Etc.

    304-C:88 Remedies for Breaches of Operating Agreements by Members, Etc. –||I. An operating agreement may provide that a member who fails to perform in accordance with, or to comply with the terms and conditions of, the operating agreement shall be subject to specified penalties or consequences.||II. An operating agreement may provide that at the time or upon the occurrence of events specified in the operating agreement, a member shall be subject to specified penalties or specified consequences, including those set forth in RSA 304-C:87, VII.|||Source. 2012, 232:2, eff. Jan. 1, 2013.|
NH Rev Stat § 304-C:89 (2021)
2021 New Hampshire Revised Statutes|Title XXVIII - Partnerships|Title 304-C - Limited Liability Companies|Section 304-C:89 - Allocations-Definition.

    304-C:89 Allocations-Definition. –||Unless the operating agreement provides otherwise, an allocation by the limited liability company to its members of its profits and losses shall mean an apportionment to the members of their respective shares of these profits and losses on the books of the limited liability company.|||Source. 2012, 232:2, eff. Jan. 1, 2013.|
NH Rev Stat § 304-C:90 (2021)
2021 New Hampshire Revised Statutes|Title XXVIII - Partnerships|Title 304-C - Limited Liability Companies|Section 304-C:90 - Formula for Allocations of Profits and Losses.

    304-C:90 Formula for Allocations of Profits and Losses. –||I. The profits and losses of a limited liability company shall be allocated among the members, and among classes or groups of members, in the manner provided in the operating agreement.||II. Unless the operating agreement provides otherwise, profits and losses shall be allocated on the basis of the agreed value, as of the date of contribution, of the contributions made by each member to the extent that the limited liability company has received these contributions and has not returned them in a return specifically identified in writing as a return of a capital contribution.|||Source. 2012, 232:2, eff. Jan. 1, 2013. 2016, 246:4, eff. Aug. 9, 2016.|
NH Rev Stat § 304-C:91 (2021)
2021 New Hampshire Revised Statutes|Title XXVIII - Partnerships|Title 304-C - Limited Liability Companies|Section 304-C:91 - Distribution, Etc.-Definitions.

    304-C:91 Distribution, Etc.-Definitions. –||Unless the operating agreement provides otherwise, the following terms shall have the following meanings:||I. Distribution. A distribution by the limited liability company to a member shall mean any transfer of its cash or other assets to the member except:||(a) Payments to a member relating to a transaction between the limited liability company and a member acting in a capacity other than as a member;||(b) Payments to a member made without regard to the limited liability company's profit or loss for services to or for the limited liability company or for the limited liability company's use of the member's capital; and||(c) Payments to a member under a limited liability company's indemnification obligations as referenced in RSA 304-C:116 or a limited liability company's obligation to advance expenses as referenced in RSA 304-C:117.||II. Interim Distribution. An interim distribution to a member shall mean any distribution except a liquidating distribution, as defined in paragraph III.||III. Liquidating Distribution. A liquidating distribution shall mean a distribution in connection with:||(a) The limited liability company's partial or complete redemption of a member's membership rights; or||(b) The limited liability company's dissolution and liquidation.|||Source. 2012, 232:2, eff. Jan. 1, 2013.|
NH Rev Stat § 304-C:92 (2021)
2021 New Hampshire Revised Statutes|Title XXVIII - Partnerships|Title 304-C - Limited Liability Companies|Section 304-C:92 - Members as Creditors With Respect to Certain Distributions.

    304-C:92 Members as Creditors With Respect to Certain Distributions. –||Subject to RSA 304-C:93 and RSA 304-C:141, and unless the operating agreement provides otherwise, at the time a member becomes entitled to receive a distribution, the member has the status of, and is entitled to all remedies available to, a creditor of a limited liability company with respect to the distribution.|||Source. 2012, 232:2, eff. Jan. 1, 2013.|
NH Rev Stat § 304-C:93 (2021)
2021 New Hampshire Revised Statutes|Title XXVIII - Partnerships|Title 304-C - Limited Liability Companies|Section 304-C:93 - Limitations on Distributions.

    304-C:93 Limitations on Distributions. –||I. A limited liability company shall not make a distribution to a member to the extent that at the time of the distribution, after giving effect to the distribution, the company would not be able to pay its debts as they become due.||II. (a) A member who receives a distribution in violation of paragraph I, and who knew at the time of the distribution that it violated paragraph I, shall be liable to a limited liability company for the amount of the distribution, but only to the extent that the distribution exceeded the amount that could have been properly paid under paragraph I.||(b) A member who receives a distribution in violation of paragraph I, and who did not know at the time of the distribution that the distribution violated paragraph I shall not be liable for any amount of the distribution.|||Source. 2012, 232:2, eff. Jan. 1, 2013. 2016, 246:5, eff. Aug. 9, 2016.|
NH Rev Stat § 304-C:94 (2021)
2021 New Hampshire Revised Statutes|Title XXVIII - Partnerships|Title 304-C - Limited Liability Companies|Section 304-C:94 - Interim Distributions.

    304-C:94 Interim Distributions. –||I. Unless the operating agreement provides otherwise, a member-managed multi-member limited liability company shall make interim distributions at such times and in such aggregate amounts as determined by majority vote of the members from time to time.||II. Unless the operating agreement provides otherwise, a manager-managed multi-member limited liability company shall make interim distributions at such times and in such aggregate amounts as determined by majority vote of the managers from time to time.|||Source. 2012, 232:2, eff. Jan. 1, 2013.|
NH Rev Stat § 304-C:95 (2021)
2021 New Hampshire Revised Statutes|Title XXVIII - Partnerships|Title 304-C - Limited Liability Companies|Section 304-C:95 - Allocations of Distributions.

    304-C:95 Allocations of Distributions. –||I. Distributions by a limited liability company shall be allocated among the members, and among classes or groups of members, in the manner provided in the operating agreement.||II. Unless the operating agreement provides otherwise, distributions shall be made on the basis of the agreed value, as of the date of contribution, of the contributions made by each member to the extent the limited liability company has received these contributions and has not returned them in a return specifically identified in writing as a return of a capital contribution.|||Source. 2012, 232:2, eff. Jan. 1, 2013. 2016, 246:6, eff. Aug. 9, 2016.|
NH Rev Stat § 304-C:96 (2021)
2021 New Hampshire Revised Statutes|Title XXVIII - Partnerships|Title 304-C - Limited Liability Companies|Section 304-C:96 - Form of Distributions.

    304-C:96 Form of Distributions. –||I. Unless the operating agreement provides otherwise, and in any case subject to the limitations provided in paragraph II, a member that has a right to a distribution, regardless of the nature of the member's contribution, has no right to demand and receive any distribution from a limited liability company in any particular form, including a cash or in kind distribution.||II. Unless the operating agreement provides otherwise, a limited liability company shall not require a member to accept a distribution of any asset in kind to the extent that the percentage of the asset distributed to the member exceeds the percentage in which the member shares in distributions from the limited liability company.|||Source. 2012, 232:2, eff. Jan. 1, 2013.|
NH Rev Stat § 304-C:97 (2021)
2021 New Hampshire Revised Statutes|Title XXVIII - Partnerships|Title 304-C - Limited Liability Companies|Section 304-C:97 - Record Dates for Distributions.

    304-C:97 Record Dates for Distributions. –||I. An operating agreement may provide for the establishment of a record date with respect to distributions to its members.||II. Unless the operating agreement or a vote of the members or managers provide otherwise, the record date for a distribution shall be the date on which the members or managers declare or vote in favor of the distribution, as the case may be.|||Source. 2012, 232:2, eff. Jan. 1, 2013.|
NH Rev Stat § 304-C:98 (2021)
2021 New Hampshire Revised Statutes|Title XXVIII - Partnerships|Title 304-C - Limited Liability Companies|Section 304-C:98 - Dissociation-Definition.

    304-C:98 Dissociation-Definition. –||Subject to the provisions of RSA 304-C:105 and RSA 304-C:153, the dissociation of a member shall mean the termination of all of the member's membership rights except:||I. The member's limited liability company interest; and||II. The rights identified in RSA 304-C:99.|||Source. 2012, 232:2, eff. Jan. 1, 2013.|
NH Rev Stat § 304-C:99 (2021)
2021 New Hampshire Revised Statutes|Title XXVIII - Partnerships|Title 304-C - Limited Liability Companies|Section 304-C:99 - Certain Effects of Dissociation.

    304-C:99 Certain Effects of Dissociation. –||I. If, after dissociation, a former member retains all or any part of the former member's limited liability company interest, the former member shall be entitled to the following rights:||(a) Subject to reasonable restrictions as determined from time to time by the limited liability company, the former member shall be entitled to inspect and copy at the former member's own expense all information reasonably relevant to allocations and distributions to the former member in respect of the former member's limited liability company interest.||(b) Unless the operating agreement provides otherwise, the former member may invoke the dispute resolution provisions of RSA 304-C:186 with respect to the former member's limited liability company interest.||II. Subject to any contrary provision in RSA 304-C:106 through RSA 304-C:117 and unless the operating agreement provides otherwise, a member who has been dissociated from a limited liability company shall have no fiduciary or other duties to the limited liability company.||III. A person who has been dissociated from the limited liability company shall have no liabilities to the limited liability company except liabilities that accrued to the member before the member's dissociation and that were not discharged before or concurrent with the member's dissociation.|||Source. 2012, 232:2, eff. Jan. 1, 2013. 2016, 246:7, eff. Aug. 9, 2016. 2018, 222:1, eff. Aug. 7, 2018.|