{"data":{"id":"us-la/rs-12-1823","jurisdiction":"us-la","citation":"RS 12:1823","heading":"Standard of conduct for officers","body":"A. Each officer of a benefit corporation shall consider the interests and factors described in R.S. 12:1821 in the manner provided in that Section if all of the following applies:\n(1) The officer has discretion to act with respect to the matter.\n(2) It reasonably appears to the officer that the matter may have a material effect on the creation by the benefit corporation of a general public benefit or a specific public benefit identified in the articles of the benefit corporation.\nB. The consideration of interests and factors pursuant to Subsection A of this Section shall not constitute a violation of R.S. 12:91.\nC. An officer shall not be personally liable for monetary damages for either of the following:\n(1) An action or omission as an officer if the officer performed the duties of the position pursuant to R.S. 12:91.\n(2) Failure of the benefit corporation to pursue or create general public benefit or specific public benefit.\nD. An officer shall 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":["TITLE 12. CORPORATIONS AND ASSOCIATIONS"],"source_url":"https://www.legis.la.gov/legis/Law.aspx?d=814568","current_through":"2025 First Extraordinary Session","vintage":"","retrieved_at":"2026-09-14T04:51:17Z","sha256":"13799649a6994cca42032e1ca1096064ce899014217a832a00a0b686df8b5152","source_id":"us-la","stale":false,"prev":"us-la/rs-12-1822","next":"us-la/rs-12-1824"},"notice":"GroundRules: Original legal text. Not legal advice."}