16-10b-304. Benefit officer.
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/ut/title-16/chapter-10b/16-10b-304A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/13/2014
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 .
Enacted by Chapter 394 , 2014 General Session