Maryland Code § CA-5-6C-07

Section CA-5-6C-07
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(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:
(1) In determining what the director reasonably believes to be in the
best interests of the benefit corporation, shall consider the effects of any action, or
decision not to act, on:

(i) The stockholders of the benefit corporation;
(ii) The employees and workforce of the benefit corporation
and the subsidiaries and suppliers of the benefit corporation;
(iii) The interests of customers as beneficiaries of the general
or specific public benefit purposes of the benefit corporation;
(iv) Community and societal considerations, including those of
any community in which offices or facilities of the benefit corporation or the
subsidiaries or suppliers of the benefit corporation are located; and
(v) The local and global environment; and
(2) May consider any other pertinent factors or the interests of any
other group that the director determines are appropriate to consider.
(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.
(c) A director of a benefit corporation, in the reasonable performance of
duties in accordance with the standard provided in this subtitle, shall have the
immunity from liability described in § 5-417 of the Courts Article.

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