Statutes, codes, and regulations
Indiana Code
Title 23 - BUSINESS AND OTHER ASSOCIATIONSArticle 1.3 - BENEFIT CORPORATIONS
Chapter 5 - STANDARD OF CONDUCT FOR DIRECTORS
Section 23-1.3-5-4 - No duty to beneficiary

Ind. Code § 23-1.3-5-4

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Current through P.L. 171-2024
Section 23-1.3-5-4 - No duty to beneficiary

A director does not have a duty to a person that is a beneficiary of the general public benefit purpose or a specific public benefit purpose of a benefit corporation arising from the status of the person as a beneficiary.

IC 23-1.3-5-4

Added by P.L. 93-2015, SEC. 3, eff. 1/1/2016.