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Arizona Arizona Revised Statutes

§ 10-2431 — Standard of conduct for directors

ARS § 10-2431Title 10. Corporations and Associations · Ch. 22. BENEFIT CORPORATIONS · Art. 3. Accountability

Statute text

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10-2431. Standard of conduct for directors A. In discharging the duties of their respective positions and in considering the best interests of the benefit corporation, the board of directors, committees of the board and individual directors of a benefit corporation: 1. Shall consider the effects of any action or inaction on:
(a)The shareholders of the benefit corporation.
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Source: Arizona Arizona Revised Statutes § 10-2431 from the Arizona Revised Statutes (Arizona State Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.