Nevada § 78B.030 “Benefit enforcement proceeding” defined

Nevada Statutes

§ 78B.030 — “Benefit enforcement proceeding” defined

Nevada·Title 7 BUSINESS ASSOCIATIONS; SECURITIES; COMMODITIES·Ch. 78B Benefit· GENERAL PROVISIONS

“Benefit enforcement proceeding” means a claim or action for:

1.Failure of a benefit corporation to pursue the general public benefit purpose of the benefit corporation or any specific public benefit purpose set forth in its articles of incorporation;

2.Violation of a duty or standard of conduct imposed on a director or officer of a benefit corporation pursuant to this chapter; or

3.Failure of a benefit corporation to deliver or post on its Internet website an annual benefit report as required by NRS 78B.170 .

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“Benefit enforcement proceeding” means a claim or action for:
1. Failure of a benefit corporation to pursue the general public benefit purpose of the benefit corporation or any specific public benefit purpose set forth in its articles of incorporation;
2. Violation of a duty or standard of conduct imposed on a director or officer of a benefit corporation pursuant to this chapter; or
3. Failure of a benefit corporation to deliver or post on its Internet website an annual benefit report as required by NRS 78B.170 .

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