NRS78B.030. “Benefit enforcement proceeding” defined. [Effective January 1, 2014.]

Latest version.

“Benefit enforcement proceeding” means a claim or action for:

      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.

(Added to NRS by 2013, 410, effective January 1, 2014)

                    
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