Utah Code § 16-10b-304

Current through the 2024 Fourth Special Session
Section 16-10b-304 - Benefit officer
(1) A benefit corporation may have an officer designated as the benefit officer.
(2) A benefit officer has:
(a) the powers and duties relating to the purpose of the corporation to create general public benefit or specific public benefit provided:
(i) by the bylaws; or
(ii) absent controlling provisions in the bylaws, by resolutions or orders of the board of directors; and
(b) the duty to prepare the benefit report required by Section 16-10b-401.

Utah Code § 16-10b-304

Added by Chapter 394, 2014 General Session ,§ 11, eff. 5/13/2014.