Louisiana § 12:1823 Standard of conduct for officers

Louisiana Statutes

§ 12:1823 — Standard of conduct for officers

Louisiana § 12:1823

Title 12Conservation of Cultural Resources

This text of Louisiana § 12:1823 (Standard of conduct for officers) is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

La. Stat. Ann. § 12:1823 (2026).

Text

A. Each officer of a benefit corporation shall consider the interests and factors described in R.S. 12:1821 in the manner provided in that Section if all of the following applies:

(1)The officer has discretion to act with respect to the matter.

(2)It reasonably appears to the officer that the matter may have a material effect on the creation by the benefit corporation of a general public benefit or a specific public benefit identified in the articles of the benefit corporation. B. The consideration of interests and factors pursuant to Subsection A of this Section shall not constitute a violation of R.S. 12:91. C. An officer shall not be personally liable for monetary damages for either of the following:

(1)An action or omission as an officer if the officer performed the duties of the po

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A. Each officer of a benefit corporation shall consider the interests and factors described in R.S. 12:1821 in the manner provided in that Section if all of the following applies:
(1) The officer has discretion to act with respect to the matter.
(2) It reasonably appears to the officer that the matter may have a material effect on the creation by the benefit corporation of a general public benefit or a specific public benefit identified in the articles of the benefit corporation.
B. The consideration of interests and factors pursuant to Subsection A of this Section shall not constitute a violation of R.S. 12:91.
C. An officer shall not be personally liable for monetary damages for either of the following:
(1) An action or omission as an officer if the officer performed the duties of the position pursuant to R.S. 12:91.
(2) Failure of the benefit corporation to pursue or create general public benefit or specific public benefit.
D. An officer shall not have a duty to a person that is a beneficiary of the general public benefit purpose or a specific public benefit purpose of a benefit corporation arising from the status of the person as a beneficiary.