No Duty to Beneficiary

  1. Law
  2. Indiana Code
  3. Business and Other Associations
  4. Benefit Corporations
  5. Standard of Conduct for Officers
  6. No Duty to Beneficiary

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Sec. 4. An officer does not have a duty to a person that is a beneficiary of the general public benefit purpose or a specific public benefit purpose of a benefit corporation arising from the status of the person as a beneficiary.

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


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