§1802.  Application and effect of Chapter

A.  This Chapter shall apply 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 business corporation that is not a benefit corporation.  This Chapter shall not affect a statute or rule of law that is applicable to a business corporation that is not a benefit corporation.

C.  Except as otherwise provided in this Chapter, the Business Corporation Law, R.S. 12:1 et seq., shall be generally applicable to all benefit corporations.  The specific provisions of this Chapter shall control over the general provisions of the Business Corporation Law.  A benefit corporation may be simultaneously subject to this Chapter and one or more other Chapters within this Title.

D.  A provision of the articles or bylaws of a benefit corporation shall not relax, be inconsistent with, or supersede a provision of this Chapter.

Acts 2012, No. 442, §1.