1. (1) A benefit corporation may have an officer designated as the benefit officer.

2. (2) A benefit officer has:

   1. (a) the powers and duties relating to the purpose of the corporation to create general public benefit or specific public benefit provided:

      1. (i) by the bylaws; or
      2. (ii) absent controlling provisions in the bylaws, by resolutions or orders of the board of directors; and
   2. (b) the duty to prepare the benefit report required by Section 16-10b-401.

Enacted by Chapter 394, 2014 General Session