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Current as of January 02, 2024 | Updated by Findlaw Staff
Sec. 3. Except as provided in the bylaws of the benefit corporation, an officer is not personally liable for monetary damages for:
(1) an action or inaction as an officer in the course of performing the duties of an officer under section 1 of this chapter if the officer performed the duties of the position in compliance with IC 23-1 and this chapter; or
(2) failure of the benefit corporation to pursue or create general public benefit or a specific public benefit.
Cite this article: FindLaw.com - Indiana Code Title 23. Business and Other Associations § 23-1.3-7-3 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-23-business-and-other-associations/in-code-sect-23-1-3-7-3/
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