Indiana Code 23-1.3-9-2. Immune from liability for failure to pursue or create general or specific public benefit
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Terms Used In Indiana Code 23-1.3-9-2
- 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.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
Sec. 2. A benefit corporation is not liable for monetary damages under this article for any failure of the benefit corporation to pursue or create general public benefit or a specific public benefit.
As added by P.L.93-2015, SEC.3.