Indiana § 23-1.3-9-1 Limit on actions

Indiana Statutes

§ 23-1.3-9-1 — Limit on actions

Indiana § 23-1.3-9-1

Title 23BUSINESS AND OTHER ASSOCIATIONS

Art. 1.3BENEFIT CORPORATIONS

Ch. 9Right of Action

This text of Indiana § 23-1.3-9-1 (Limit on actions) 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 § 23-1.3-9-1 (2026).

Text

A person may not, except in a benefit enforcement proceeding, bring an action or assert a claim against a benefit corporation or its directors or officers with respect to either of the following:

(1)The failure to pursue or create:

(A)general public benefit; or

(B)a specific public benefit identified in the benefit corporation's articles of incorporation.

(2)A violation of an obligation, duty, or standard of conduct under this article.

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A person may not, except in a benefit
enforcement proceeding, bring an action or assert a claim against a
benefit corporation or its directors or officers with respect to either of
the following:
(1) The failure to pursue or create:
(A) general public benefit; or
(B) a specific public benefit identified in the benefit
corporation's articles of incorporation.
(2) A violation of an obligation, duty, or standard of conduct
under this article.