Benefit officer

805 ILCS 40/4.15, under Accountability.

805 ILCS 40/4.15

(805 ILCS 40/4.15)

    Sec. 4.15. Benefit officer.     (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. (Source: P.A. 97-885, eff. 1-1-13.)