Effective 5/13/2014
16-10b-304. Benefit officer.
16-10b-304. Benefit officer.
- (1) A benefit corporation may have an officer designated as the benefit officer.
- (2) A benefit officer has:
- (a) the powers and duties relating to the purpose of the corporation to create general public benefit or specific public benefit provided:
- (i) by the bylaws; or
- (ii) absent controlling provisions in the bylaws, by resolutions or orders of the board of directors; and
- (b) the duty to prepare the benefit report required by Section 16-10b-401.
- (a) the powers and duties relating to the purpose of the corporation to create general public benefit or specific public benefit provided:
Enacted by Chapter 394, 2014 General Session