(805 ILCS 40/4.15)
Sec. 4.15. Benefit officer.
(a) A benefit corporation may have an officer designated as the benefit officer.
(b) A benefit officer shall have:
(1) powers and duties relating to the purpose of the
benefit corporation to create general public benefit or specific public benefit provided:
(A) by the bylaws of the benefit corporation; 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 Section 5.01 of this Act.
(Source: P.A. 97-885, eff. 1-1-13.)
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Last modified: February 18, 2015