§ 16-10b-304. Benefit officer. (Effective 5/13/2014)

Latest version.

(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.

Enacted by Chapter 394, 2014 General Session

                    
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