Code · Nebraska · Chapter 21 — Corporations and Other Companies

21-411. Benefit officer; powers and duties.

76 words·~1 min read·/ne/chapter-21/21-411

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)A benefit corporation may have an officer designated the benefit officer.

(2)A benefit officer shall have:

(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 annual benefit report required by section 21-413 .