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27 chapters · 850 sections in this title.
R.I. Gen. Laws § 7-5.3-1. Application and effect of chapter
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(a) This chapter shall be applicable to all benefit corporations. (b) The existence of a provision of this chapter shall not of itself create an implication that a contrary or different rule of law is applicable to a corporation that is not a benefit corporation. This chapter sha…
R.I. Gen. Laws § 7-5.3-10. Benefit officer
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(a) A benefit corporation may have an officer designated as the benefit officer. (b) A benefit officer shall have: (1) The powers and duties relating to the purpose of the corporation to create general public benefit or specific public benefit provided: (i) By the bylaws; or (ii)…
R.I. Gen. Laws § 7-5.3-11. Right of action
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(a) Except in a benefit enforcement proceeding, no person may bring an action or assert a claim against a benefit corporation or its directors or officers with respect to: (1) Failure to pursue or create general public benefit or a specific public benefit set forth in its article…
R.I. Gen. Laws § 7-5.3-12. Preparation of annual benefit report
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(a) A benefit corporation shall prepare an annual benefit report including all of the following: (1) A narrative description of: (i) The ways in which the benefit corporation pursued general public benefit during the year and the extent to which general public benefit was created…
