Section 31F-4-402 - Limitation upon liability of officersAn officer of a benefit corporation has no liability for actions taken that the officer believes, in his or her good faith business judgment, are consistent with:
(i) The general public benefit or specific public benefit specified in the articles of incorporation or bylaws or otherwise adopted by the board of directors; and (ii) the requirements of any third-party standard then in effect for the corporation.Added by 2014 Acts, ch. 17 (SB 202), eff. 7/1/2014.