"Benefit enforcement proceeding" defined.

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

"Benefit enforcement proceeding" means a claim or action for:

1. Failure of a benefit corporation to pursue the general public benefit purpose of the benefit corporation or any specific public benefit purpose set forth in its articles of incorporation;

2. Violation of a duty or standard of conduct imposed on a director or officer of a benefit corporation pursuant to this chapter; or

3. Failure of a benefit corporation to deliver or post on its Internet website an annual benefit report as required by NRS 78B.170.

(Added to NRS by 2013, 410)


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