New Jersey Statutes 14A:18-9. “Benefit officer.”
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In New Jersey Statutes 14A:18-9
- 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.
9. A benefit corporation may have an officer designated the “benefit officer” who shall have authority and shall perform duties in the management of the benefit corporation relating to the purpose of the corporation to create general or specific public benefits as may be provided by or pursuant to the by-laws or, in the absence of controlling provisions in the by-laws, as may be determined by or pursuant to resolutions or orders of the board of directors. If a benefit corporation has a benefit officer, the duties of the benefit officer shall include preparing the benefit report required by section 11 of this act.
L.2011, c.30, s.9.