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2018 Indiana Code
TITLE 23. Business and other Associations
ARTICLE 1.3. BENEFIT CORPORATIONS
CHAPTER 7. Standard of Conduct for Officers
23-1.3-7-1. Consideration of interests and factors
Universal Citation: IN Code § 23-1.3-7-1 (2018)
IC 23-1.3-7-1 Consideration of interests and factors
Sec. 1. Each officer of a benefit corporation shall consider the interests and factors of the persons listed in IC 23-1.3-5-1 in the manner provided under IC 23-1.3-5-1 if:
(1) the officer has discretion to act with respect to a matter; and
(2) it reasonably appears to the officer that the matter may have a material effect on the creation by the benefit corporation of general public benefit or a specific public benefit identified in the articles of incorporation of the benefit corporation.
As added by P.L.93-2015, SEC.3.
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