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23-1.3-7-1. Consideration of interests and factors

IN Code § 23-1.3-7-1 (2019) (N/A)
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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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23-1.3-7-2. Consideration of interests and factors consistent with duties