Ark. Code § 4-36-304

Current with legislation from 2024 Fiscal and Special Sessions.
Section 4-36-304 - Benefit officer
(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 § 4-36-401.

Ark. Code § 4-36-304

Added by Act 2013, No. 1388,§ 1, eff. 8/16/2013.