Specific Public Benefit Purpose

Checkout our iOS App for a better way to browser and research.

Sec. 2. (a) A benefit corporation may identify in its articles of incorporation one (1) or more specific public benefits that it is the purpose of the benefit corporation to create in addition to the benefit corporation's purposes under IC 23-1-21-2 and section 1 of this chapter.

(b) The identification of a specific public benefit under subsection (a) does not limit the purpose of a benefit corporation to create general public benefit under section 1 of this chapter.

As added by P.L.93-2015, SEC.3.


Download our app to see the most-to-date content.