Ind. Code § 23-1.3-7-1

Current through P.L. 171-2024

Section 23-1.3-7-1 - Consideration of interests and factors

Each officer of a benefit corporation shall consider the interests and factors of the persons listed in IC 23-1.3-5-1 in the manner provided under IC 23-1.3-5-1 if:

(1) the officer has discretion to act with respect to a matter; and

(2) it reasonably appears to the officer that the matter may have a material effect on the creation by the benefit corporation of general public benefit or a specific public benefit identified in the articles of incorporation of the benefit corporation.

IC 23-1.3-7-1

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