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Indiana Code Title 23. Business and Other Associations § 23-1.3-2-5

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 5. “Benefit enforcement proceeding” means any claim, action, or proceeding for:

(1) the failure of a benefit corporation to pursue or create:

(A) general public benefit;  or

(B) a specific public benefit if the benefit corporation identified a specific public benefit purpose in its articles of incorporation;  or

(2) a violation of any obligation, duty, or standard of conduct under this article.

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Cite this article: FindLaw.com - Indiana Code Title 23. Business and Other Associations § 23-1.3-2-5 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-23-business-and-other-associations/in-code-sect-23-1-3-2-5/

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