California Corporations Code

§ 14622

CORP § 14622 Effective Jan 1, 2012Div. 3 · Title 1 · Part 13 · Ch. 3

Statute text

(a)Each officer of a benefit corporation shall consider the interests and factors described in Section 14620 in the manner provided in that section when either of the following applies:

(1)The officer has discretion to act with respect to a matter.

(2)It reasonably appears to the officer that the matter may have a material effect on any of the following:

…

Legislative history

Added by Stats. 2011, Ch. 728, Sec. 1. (AB 361) Effective January 1, 2012.