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2023 Utah Code
Title 16 - Corporations
Chapter 10b - Benefit Corporation Act
Part 3 - Accountability
Section 304 - Benefit officer.
Universal Citation: UT Code § 16-10b-304 (2023)
Effective 5/13/2014
16-10b-304. Benefit officer.
Enacted by Chapter 394, 2014 General Session
16-10b-304. Benefit officer.
- (1) A benefit corporation may have an officer designated as the benefit officer.
- (2) A benefit officer has:
- (a) the powers and duties relating to the purpose of the corporation to create general public benefit or specific public benefit provided:
- (i) by the bylaws; or
- (ii) absent controlling provisions in the bylaws, by resolutions or orders of the board of directors; and
- (b) the duty to prepare the benefit report required by Section 16-10b-401.
- (a) the powers and duties relating to the purpose of the corporation to create general public benefit or specific public benefit provided:
Enacted by Chapter 394, 2014 General Session
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