Arkansas § 4-36-304 Benefit officer

Arkansas Statutes

§ 4-36-304 — Benefit officer

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

(b)A benefit officer shall have:

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

(A)By the bylaws; or (B) Absent controlling provisions in the bylaws, by resolutions or orders of the board of directors; and (2) The duty to prepare the benefit report required by § 4-36-401 .

Free access — add to your briefcase to read the full text and ask questions with AI

(a) A benefit corporation may have an officer designated as the benefit officer. (b) A benefit officer shall have: (1) The powers and duties relating to the purpose of the corporation to pursue a general public benefit or a specific public benefit provided: (A) By the bylaws; or (B) Absent controlling provisions in the bylaws, by resolutions or orders of the board of directors; and (2) The duty to prepare the benefit report required by § 4-36-401 .

Arkansas § 4-36-304 (Benefit officer) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.