2018 Indiana Code
TITLE 23. Business and other Associations
ARTICLE 1.3. BENEFIT CORPORATIONS
CHAPTER 2. Definitions
23-1.3-2-10. "Specific public benefit"
Sec. 10. (a) "Specific public benefit" means a benefit that serves:
(1) one (1) or more public welfare, religious, charitable, scientific, literary, or educational purposes; or
(2) other purposes or benefits beyond the strict interests of the shareholders of the benefit corporation.
(b) The term includes the following:
(1) Providing low income or underserved individuals or communities with beneficial products or services.
(2) Promoting economic opportunity for individuals or communities beyond the creation of jobs in the normal course of business.
(3) Protecting or restoring the environment.
(4) Improving human health.
(5) Promoting the arts, sciences, or advancement of knowledge.
(6) Increasing the flow of capital to entities with a purpose to benefit society or the environment.
(7) Conferring any other particular benefit on society or the environment.
As added by P.L.93-2015, SEC.3.
