23-1.3-2-5. "Benefit enforcement proceeding"

IN Code § 23-1.3-2-5 (2019) (N/A)
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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.