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2018 Indiana Code
TITLE 23. Business and other Associations
ARTICLE 1.3. BENEFIT CORPORATIONS
CHAPTER 9. Right of Action
23-1.3-9-1. Limit on actions
Universal Citation: IN Code § 23-1.3-9-1 (2018)
IC 23-1.3-9-1 Limit on actions
Sec. 1. A person may not, except in a benefit enforcement proceeding, bring an action or assert a claim against a benefit corporation or its directors or officers with respect to either of the following:
(1) The failure to pursue or create:
(A) general public benefit; or
(B) a specific public benefit identified in the benefit corporation's articles of incorporation.
(2) A violation of an obligation, duty, or standard of conduct under this article.
As added by P.L.93-2015, SEC.3.
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