Indiana § 23-1.3-7-1 Consideration of interests and factors

Indiana Statutes

§ 23-1.3-7-1 — Consideration of interests and factors

Indiana § 23-1.3-7-1

Title 23BUSINESS AND OTHER ASSOCIATIONS

Art. 1.3BENEFIT CORPORATIONS

Ch. 7Standard of Conduct for Officers

This text of Indiana § 23-1.3-7-1 (Consideration of interests and factors) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 23-1.3-7-1 (2026).

Text

Each officer of a benefit corporation shall consider the interests and factors of the persons listed in IC 23-1.3-5-1 in the manner provided under IC 23-1.3-5-1 if:

(1)the officer has discretion to act with respect to a matter; and

(2)it reasonably appears to the officer that the matter may have a material effect on the creation by the benefit corporation of general public benefit or a specific public benefit identified in the articles of incorporation of the benefit corporation.

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Each officer of a benefit corporation shall
consider the interests and factors of the persons listed in IC 23-1.3-5-1
in the manner provided under IC 23-1.3-5-1 if:
(1) the officer has discretion to act with respect to a matter; and
(2) it reasonably appears to the officer that the matter may have
a material effect on the creation by the benefit corporation of
general public benefit or a specific public benefit identified in the
articles of incorporation of the benefit corporation.