Benefit officer

  1. Law
  2. Arkansas Code
  3. Business and Commercial Law
  4. Corporations and Associations
  5. Arkansas Benefit Corporation Act
  6. Accountability
  7. Benefit officer

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  1. (a) A benefit corporation may have an officer designated as the benefit officer.

  2. (b) A benefit officer shall have:

    1. (1) The powers and duties relating to the purpose of the corporation to pursue a general public benefit or a specific public benefit provided:

      1. (A) By the bylaws; or

      2. (B) Absent controlling provisions in the bylaws, by resolutions or orders of the board of directors; and

    2. (2) The duty to prepare the benefit report required by § 4-36-401.


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