(A) A benefit corporation may have an officer designated as the benefit officer.
(B) The duties of the benefit officer include the following:
(1) monitoring the benefit corporation's pursuit of the general and any specific public benefits purpose of the benefit corporation and the general and any specific public benefit created by the benefit corporation;
(2) performing such other duties to the extent provided in either the bylaws of the benefit corporation or a resolution adopted by the board of directors of the benefit corporation that is not in conflict with the bylaws; and
(3) preparing the annual benefit report required by Section 33-38-500.
HISTORY: 2012 Act No. 277, Section 1, eff June 14, 2012.
Structure South Carolina Code of Laws
Title 33 - Corporations, Partnerships and Associations
Chapter 38 - South Carolina Benefit Corporation Act
Section 33-38-110. Short title.
Section 33-38-120. Application of chapter; exemptions.
Section 33-38-130. Definitions.
Section 33-38-140. No entitlement to property tax exemptions.
Section 33-38-200. Incorporation as a benefit corporation.
Section 33-38-220. Termination of status as benefit corporation.
Section 33-38-230. Approval of corporate matters.
Section 33-38-300. Corporate purposes for benefit corporations.
Section 33-38-400. Accountability for benefit corporation.
Section 33-38-410. Powers and duties of benefit director.
Section 33-38-420. Officer liability for benefit corporation.
Section 33-38-430. Duties of benefit officer.
Section 33-38-440. Benefit enforcement proceedings.
Section 33-38-500. Annual benefit report.
Section 33-38-600. Shareholder dissent and payment for shares.