Indiana Code 23-1.3-6-1. Benefit director
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Sec. 1. The board of directors of a benefit corporation must include a director who:
(2) has, in addition to the powers, duties, rights, and immunities of the other directors of the benefit corporation, the powers, duties, rights, and immunities provided in this chapter.
(1) is designated the benefit director; and
Terms Used In Indiana Code 23-1.3-6-1
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
As added by P.L.93-2015, SEC.3.