Section 13: Benefit officer; powers and duties
89 words·~1 min read·
/ma/part-i/title-xxii/chapter-156e/13·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 13.
(a)A benefit corporation may have an officer designated as the benefit officer. A benefit officer shall have:
(1)the powers and duties relating to the purpose of the corporation to create a general public benefit or a 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
(2)the duty to oversee and prepare the annual benefit report required by subsection
(a)of section 15.
[There is no subsection (b).]