RSA 293-A:8.53 Advance for Expenses.

Title: XXVII - CORPORATIONS, ASSOCIATIONS, AND PROPRIETORS OF COMMON LANDS Chapter: 293-A - NEW HAMPSHIRE BUSINESS CORPORATION ACT

(a) A corporation may, before final disposition of a proceeding, advance funds to pay for or reimburse expenses incurred in connection with the proceeding by an individual who is a party to the proceeding because that individual is a member of the board of directors if the director delivers to the corporation:
(1) a signed written affirmation of the director's good faith belief that the relevant standard of conduct described in RSA 293-A:8.51 has been met by the director or that the proceeding involves conduct for which liability has been eliminated under a provision of the articles of incorporation as authorized by RSA 293-A:2.02(b)(4); and
(2) a signed written undertaking of the director to repay any funds advanced if the director is not entitled to mandatory indemnifi

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