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      RS 12:1825     


§1825.  Right of action

A.  The duties of directors and officers under this Chapter and the general public benefit purpose and any specific public benefit purpose of a benefit corporation may be enforced only in accordance with this Section in a benefit enforcement proceeding, and no person shall bring an action or assert a claim against a benefit corporation.

B.  A benefit enforcement proceeding shall be commenced or maintained only directly by the benefit corporation or derivatively by one of the following parties:

(1)  A shareholder.

(2)  A benefit director.

(3)  Other persons as specified in the articles or bylaws of the benefit corporation.

Acts 2012, No. 442, §1.

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