{
  "urn": "urn:us-la:rs:12:1823",
  "title_number": "12",
  "section_number": "1823",
  "citation": "R.S. 12:1823",
  "heading": "Standard of conduct for officers",
  "text": "A. Each officer of a benefit corporation shall consider the interests and factors described in R.S. 12:1821 in the manner provided in that Section if all of the following applies:\n\n(1) The officer has discretion to act with respect to the matter.\n\n(2) It reasonably appears to the officer that the matter may have a material effect on the creation by the benefit corporation of a general public benefit or a specific public benefit identified in the articles of the benefit corporation.\n\nB. The consideration of interests and factors pursuant to Subsection A of this Section shall not constitute a violation of R.S. 12:91.\n\nC. An officer shall not be personally liable for monetary damages for either of the following:\n\n(1) An action or omission as an officer if the officer performed the duties of the position pursuant to R.S. 12:91.\n\n(2) Failure of the benefit corporation to pursue or create general public benefit or specific public benefit.\n\nD. An officer shall not have a duty to a person that is a beneficiary of the general public benefit purpose or a specific public benefit purpose of a benefit corporation arising from the status of the person as a beneficiary.",
  "status": "active",
  "hierarchy_path": [
    {
      "level": "title",
      "number": "12",
      "name": "CORPORATIONS AND ASSOCIATIONS"
    },
    {
      "level": "chapter",
      "number": "27",
      "name": "BENEFIT CORPORATIONS"
    },
    {
      "level": "part",
      "number": "III",
      "name": "ACCOUNTABILITY"
    }
  ],
  "breadcrumb": "Title 12 › Chapter 27 › Part III",
  "acts_citations": [
    {
      "act_year": 2012,
      "act_number": 442,
      "section": 1,
      "effective_date": null,
      "effective_date_raw": null,
      "role": "enactment"
    }
  ],
  "acts_citations_raw": "Acts 2012, No. 442, §1.",
  "source_url": "https://legis.la.gov/legis/Law.aspx?d=814568",
  "website_law_id": 814568,
  "scrape_timestamp": "2026-05-22T21:51:16Z",
  "source_html_hash": "sha256:4697be54bb8978e1f6503ab6c41781beb22e77f1295235b8b4d30a6c67fa4d1f",
  "schema_version": "1.0.0"
}