Indiana Code 23-1.3-2-7. “General public benefit”
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Indiana Code 23-1.3-2-7
- 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.
Sec. 7. “General public benefit” means a material positive impact on society and the environment, taken as a whole, assessed against a third party standard, from the business and operations of a benefit corporation.
As added by P.L.93-2015, SEC.3.