§ 5-6C-07. Duties of director
West's Annotated Code of MarylandCorporations and AssociationsEffective: April 14, 2015
Effective: April 14, 2015
MD Code, Corporations and Associations, § 5-6C-07
§ 5-6C-07. Duties of director
(a) A director of a benefit corporation, in performing the duties of a director, including the director's duties as a member of a committee and in addition to the duties described in § 2-405.1 of this article:
(b) A director of a benefit corporation, in the performance of duties in that capacity, does not have any duty to a person that is a beneficiary of the public benefit purposes of the benefit corporation.
Credits
Added by Acts 2010, c. 97, § 1, eff. Oct. 1, 2010; Acts 2010, c. 98, § 1, eff. Oct. 1, 2010. Amended by Acts 2015, c. 22, § 1, eff. April 14, 2015.
MD Code, Corporations and Associations, § 5-6C-07, MD CORP & ASSNS § 5-6C-07
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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