RSA 301-B:23 Indemnification.

I. Except as provided in paragraph II, and subject to such standards and restrictions, if any, as are set forth in its bylaws, a New Hampshire DAO may, and shall have the power to, indemnify any participant or administrator or other person made a party to a proceeding or threatened to be made a named defendant or respondent in a proceeding because the participant, administrator, or other person acted on behalf of the New Hampshire DAO, against liability for a judgment, settlement, penalty, fine, including an excise tax assessed with respect to an employee benefit plan, or reasonable expenses incurred with respect to a proceeding, if:
(a) The participant, administrator, or person conducted such person's activities himself or herself in accordance with contractual good faith; an