{"data":{"id":"us-il/805-ilcs-40-4.10","jurisdiction":"us-il","citation":"805 ILCS 40/4.10","heading":"Standard of conduct for officers.","body":"(a) Each officer of a benefit corporation shall consider the interests and factors described in subsection (a) of Section 4.01 in the manner provided in that subsection if:\n(1) the officer has discretion to act with respect to a matter; and\n(2) it reasonably appears to the officer that the matter may have a material effect on the creation by the benefit corporation of general public benefit or a specific public benefit identified in the articles of incorporation by the benefit corporation.\n(b) Exoneration from personal liability. An officer is not personally liable for monetary damages for:\n(1) action taken as an officer if the officer performed the duties of the position in compliance with this Section; or\n(2) failure of the benefit corporation to pursue or create general public benefit or specific public benefit.\n(c) Limitation on standing. An officer does not have a duty to a person that is a beneficiary of the general public benefit purpose or a specific public benefit purpose of a benefit corporation arising from the status of the person as a beneficiary.","path":["CHAPTER 805 BUSINESS ORGANIZATIONS","Benefit Corporation Act."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=3419\u0026ChapterID=65\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:47Z","sha256":"44541716732810f009968453d98f6c8365555ca1a822c68c19b8345c5b33403e","source_id":"us-il","stale":false,"prev":"us-il/805-ilcs-40-4.05","next":"us-il/805-ilcs-40-4.15"},"notice":"GroundRules: Original legal text. Not legal advice."}