South Carolina Statutes
§ 33-38-430 — Duties of benefit officer.
South Carolina·Title 33 CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS·Ch. 38 SOUTH CAROLINA BENEFIT CORPORATION ACT
(A)A benefit corporation may have an officer designated as the benefit officer.
(B)The duties of the benefit officer include the following:
(1)monitoring the benefit corporation's pursuit of the general and any specific public benefits purpose of the benefit corporation and the general and any specific public benefit created by the benefit corporation;
(2)performing such other duties to the extent provided in either the bylaws of the benefit corporation or a resolution adopted by the board of directors of the benefit corporation that is not in conflict with the bylaws; and (3) preparing the annual benefit report required by Section 33-38-500.
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South Carolina § 33-38-430 (Duties of benefit officer.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 2012 Act No. 277, SECTION 1, eff June 14, 2012.
Nearby Sections
15
§ 33-38-110
Short title.§ 33-38-120
Application of chapter; exemptions.§ 33-38-130
Definitions.§ 33-38-140
No entitlement to property tax exemptions.§ 33-38-200
Incorporation as a benefit corporation.§ 33-38-230
Approval of corporate matters.§ 33-38-300
Corporate purposes for benefit corporations.§ 33-38-400
Accountability for benefit corporation.§ 33-38-410
Powers and duties of benefit director.§ 33-38-420
Officer liability for benefit corporation.§ 33-38-430
Duties of benefit officer.§ 33-38-440
Benefit enforcement proceedings.§ 33-38-500
Annual benefit report.