(a) A benefit corporation may have an officer designated as the benefit officer.
(b) A benefit officer shall have:
(1) The powers and duties relating to the purpose of the corporation to pursue a general public benefit or a specific public benefit provided:
(A) By the bylaws; or
(B) Absent controlling provisions in the bylaws, by resolutions or orders of the board of directors; and
(2) The duty to prepare the benefit report required by ยง 4-36-401.
Section: Previous 4-36-302 4-36-303 4-36-304 4-36-305 NextLast modified: November 15, 2016