Sec. 1. The following apply to the board of directors, committees of the board of directors, and individual directors of a benefit corporation in discharging the duties of their respective positions and in considering the best interests of the benefit corporation: (1) The board of directors, committees of the board of directors, and individual directors […]
Sec. 1. The following apply to the board of directors, committees of the board of directors, and individual directors of a benefit corporation in discharging the duties of their respective positions and in considering the best interests of the benefit corporation: (1) The board of directors, committees of the board of directors, and individual directors […]
Sec. 2. The consideration of interests and factors provided in section 1 of this chapter: (1) does not constitute a violation of IC 23-1-35; and (2) is in addition to the ability of directors to consider interests and factors under IC 23-1-35-1. As added by P.L.93-2015, SEC.3.
Sec. 2. The consideration of interests and factors provided in section 1 of this chapter: (1) does not constitute a violation of IC 23-1-35; and (2) is in addition to the ability of directors to consider interests and factors under IC 23-1-35-1. As added by P.L.93-2015, SEC.3.
Sec. 3. Except as otherwise provided in the bylaws of a benefit corporation, a director is not personally liable for monetary damages for: (1) any action or inaction in the course of performing the duties of a director under section 1 of this chapter if the director performed the duties in compliance with IC 23-1-35 […]
Sec. 3. Except as otherwise provided in the bylaws of a benefit corporation, a director is not personally liable for monetary damages for: (1) any action or inaction in the course of performing the duties of a director under section 1 of this chapter if the director performed the duties in compliance with IC 23-1-35 […]
Sec. 4. 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. As added by P.L.93-2015, SEC.3.
Sec. 4. 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. As added by P.L.93-2015, SEC.3.
