SECTION 1. Short title

SECTION 2. Definitions

SECTION 3. Compliance with chapters 156A and 156D; authority of this chapter over articles of organization, bylaws or shareholder agreement of benefit corporation

SECTION 4. Organization of benefit corporation

SECTION 5. Election by existing corporation to convert to benefit corporation

SECTION 6. Termination of status as benefit corporation

SECTION 7. Prohibition against advertising as benefit corporation without full compliance with this chapter

SECTION 8. Creation for benefit corporation resulting from merger, share exchange or conversion

SECTION 9. General public benefit; specific public benefit

SECTION 10. Board of directors, committees and individual directors; consideration of best interests of corporation; non-liability for monetary damages

SECTION 11. Benefit director; powers and duties; election and removal annual shareholder's report; non-liability

SECTION 12. Officers; consideration of interests and factors of Sec. 10, subsec. (a); non-liability for monetary damages

SECTION 13. Benefit officer; powers and duties

SECTION 14. Benefit enforcement proceeding

SECTION 15. Annual benefit report

SECTION 16. Timing of annual benefit report sent to shareholders; posting on website; copy to state secretary