805 ILCS 40/4.15: Benefit officer.
Where this section sits in the code
- CHAPTER 805 BUSINESS ORGANIZATIONS
- Benefit Corporation Act.
(a) A benefit corporation may have an officer designated as the benefit officer.
(b) A benefit officer shall have:
(1) powers and duties relating to the purpose of the benefit corporation to create general public benefit or specific public benefit provided:
(A) by the bylaws of the benefit corporation; or
(B) absent controlling provisions in the bylaws, by resolutions or orders of the board of directors; and
(2) the duty to prepare the benefit report required by Section 5.01 of this Act.
Collected 2026-09-15T04:46:47Z. Source file · JSON