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2018 Indiana Code
TITLE 23. Business and other Associations
ARTICLE 1.3. BENEFIT CORPORATIONS
CHAPTER 2. Definitions
23-1.3-2-5. "Benefit enforcement proceeding"
Universal Citation: IN Code § 23-1.3-2-5 (2018)
IC 23-1.3-2-5 "Benefit enforcement proceeding"
Sec. 5. "Benefit enforcement proceeding" means any claim, action, or proceeding for:
(1) the failure of a benefit corporation to pursue or create:
(A) general public benefit; or
(B) a specific public benefit if the benefit corporation identified a specific public benefit purpose in its articles of incorporation; or
(2) a violation of any obligation, duty, or standard of conduct under this article.
As added by P.L.93-2015, SEC.3.
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