Nevada Revised Statutes 78B.030 – ‘Benefit enforcement proceeding’ defined
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‘Benefit enforcement proceeding’ means a claim or action for:
Terms Used In Nevada Revised Statutes 78B.030
- 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.
1. Failure of a benefit corporation to pursue the general public benefit purpose of the benefit corporation or any specific public benefit purpose set forth in its articles of incorporation;
2. Violation of a duty or standard of conduct imposed on a director or officer of a benefit corporation pursuant to this chapter; or
3. Failure of a benefit corporation to deliver or post on its Internet website an annual benefit report as required by NRS 78B.170.