§ 23-1.3-2-5 — "Benefit enforcement proceeding"

Indiana § 23-1.3-2-5

• Jurisdiction: Indiana
• Title 23: BUSINESS AND OTHER ASSOCIATIONS
• Art. 1.3: BENEFIT CORPORATIONS
• Ch. 2: Definitions

Text

"Benefit enforcement proceeding" means any
claim, action, or proceeding for:
(1) the failure of a benefit corporation to pursue or create:
(A) general public benefit; or
(B) a specific public benefit if the benefit corporation identified
a specific public benefit purpose in its articles of incorporation;
or
(2) a violation of any obligation, duty, or standard of conduct
under this article.

Legislative History

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