reglab/housing_qa huggingface dataset:
IN Code § 23-1-55-3 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 1. Indiana Business Corporation Law|Chapter 55. Intention to Sell Sexually Explicit Materials|23-1-55-3. Notification of Registration to Local Officials

Sec. 3. (a) As used in this section, "local officials of the county" refer to all of the following:(1) The county executive.(2) If a person described in section 2 of this chapter intends to locate in a municipality, the executive of the municipality.(3) A local entity that supervises a zoning board in the county.(b) After receiving a registration described in section 2 of this chapter, the secretary of state shall notify the local officials of the county in which a person described in section 2 of this chapter intends to offer for sale or sell sexually explicit materials of the registration filed under section 2 of this chapter.As added by P.L.92-2008, SEC.1.
IN Code § 23-1.3-1-1 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 1.3. Benefit Corporations|Chapter 1. Application|23-1.3-1-1. Application of Article

Sec. 1. This article is applicable to all benefit corporations.As added by P.L.93-2015, SEC.3.
IN Code § 23-1.3-1-2 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 1.3. Benefit Corporations|Chapter 1. Application|23-1.3-1-2. Applicability of Other Laws

Sec. 2. This article does not of itself create an implication that a contrary or different rule of law is applicable to a corporation that is not a benefit corporation.As added by P.L.93-2015, SEC.3.
IN Code § 23-1.3-1-3 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 1.3. Benefit Corporations|Chapter 1. Application|23-1.3-1-3. Effect of Article

Sec. 3. This article does not affect a statute or rule of law that is applicable to a corporation that is not a benefit corporation.As added by P.L.93-2015, SEC.3.
IN Code § 23-1.3-1-4 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 1.3. Benefit Corporations|Chapter 1. Application|23-1.3-1-4. Corporation Law Applicable

Sec. 4. Except as otherwise provided in this article, IC 23-1 is generally applicable to all benefit corporations.As added by P.L.93-2015, SEC.3.
IN Code § 23-1.3-1-5 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 1.3. Benefit Corporations|Chapter 1. Application|23-1.3-1-5. Articles of Incorporation and Bylaws Consistent With This Article

Sec. 5. The articles of incorporation or bylaws of a benefit corporation may not limit, be inconsistent with, or supersede this article.As added by P.L.93-2015, SEC.3.
IN Code § 23-1.3-2-1 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 1.3. Benefit Corporations|Chapter 2. Definitions|23-1.3-2-1. Application of Corporation Law Definitions

Sec. 1. The definitions in IC 23-1-20 apply throughout this article.As added by P.L.93-2015, SEC.3.
IN Code § 23-1.3-2-2 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 1.3. Benefit Corporations|Chapter 2. Definitions|23-1.3-2-2. Application of Definitions

Sec. 2. The definitions in this chapter apply throughout this article.As added by P.L.93-2015, SEC.3.
IN Code § 23-1.3-2-3 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 1.3. Benefit Corporations|Chapter 2. Definitions|23-1.3-2-3. "Benefit Corporation"

Sec. 3. "Benefit corporation" means a corporation to which both the following apply:(1) The corporation has elected to become subject to this article.(2) The status of the corporation as a benefit corporation has not been terminated.As added by P.L.93-2015, SEC.3.
IN Code § 23-1.3-2-4 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 1.3. Benefit Corporations|Chapter 2. Definitions|23-1.3-2-4. "Benefit Director"

Sec. 4. "Benefit director" refers to an individual designated as the benefit director of a benefit corporation under IC 23-1.3-6.As added by P.L.93-2015, SEC.3.
IN Code § 23-1.3-2-5 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 1.3. Benefit Corporations|Chapter 2. Definitions|23-1.3-2-5. "Benefit Enforcement Proceeding"

Sec. 5. "Benefit enforcement proceeding" means any claim, action, or proceeding for:(1) the failure of a benefit corporation to pursue or create:(A) general public benefit; or(B) a specific public benefit if the benefit corporation identified a specific public benefit purpose in its articles of incorporation; or(2) a violation of any obligation, duty, or standard of conduct under this article.As added by P.L.93-2015, SEC.3.
IN Code § 23-1.3-2-6 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 1.3. Benefit Corporations|Chapter 2. Definitions|23-1.3-2-6. "Benefit Officer"

Sec. 6. "Benefit officer" means an individual designated as the benefit officer of a benefit corporation under IC 23-1.3-8.As added by P.L.93-2015, SEC.3.
IN Code § 23-1.3-2-7 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 1.3. Benefit Corporations|Chapter 2. Definitions|23-1.3-2-7. "General Public Benefit"

Sec. 7. "General public benefit" means a material positive impact on society and the environment, taken as a whole, assessed against a third party standard, from the business and operations of a benefit corporation.As added by P.L.93-2015, SEC.3.
IN Code § 23-1.3-2-8 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 1.3. Benefit Corporations|Chapter 2. Definitions|23-1.3-2-8. "Independent"

Sec. 8. "Independent" means a person that has no material relationship with a benefit corporation or a subsidiary of the benefit corporation.As added by P.L.93-2015, SEC.3.
IN Code § 23-1.3-2-9 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 1.3. Benefit Corporations|Chapter 2. Definitions|23-1.3-2-9. "Minimum Status Vote"

Sec. 9. "Minimum status vote" means the following:(1) For a corporation, in addition to any other required approval or vote, a vote in which:(A) the shareholders of every class or series of shares are entitled to vote as a separate voting group on the corporate action regardless of a limitation stated in the articles of incorporation or bylaws on the voting rights of any class or series; and(B) the corporate action is approved by vote of the shareholders of each class or series of shares entitled to cast at least ninety percent (90%) of the votes that all shareholders of the class or series are entitled to cast on the action.(2) For a domestic business entity other than a corporation, in addition to any other required approval, vote, or consent, a vote in which:(A) the holders of every class or series of equity interest in the entity that are entitled to receive a distribution of any kind from the entity are entitled to vote on or consent to the action regardless of any otherwise applicable limitation on the voting or consent rights of any class or series; and(B) the action is approved by vote or consent of the holders described in clause (A) entitled to cast at least ninety percent (90%) of the votes or consents that all of the holders are entitled to cast on the action.As added by P.L.93-2015, SEC.3.
IN Code § 23-1.3-2-10 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 1.3. Benefit Corporations|Chapter 2. Definitions|23-1.3-2-10. "Specific Public Benefit"

Sec. 10. (a) "Specific public benefit" means a benefit that serves:(1) one (1) or more public welfare, religious, charitable, scientific, literary, or educational purposes; or(2) other purposes or benefits beyond the strict interests of the shareholders of the benefit corporation.(b) The term includes the following:(1) Providing low income or underserved individuals or communities with beneficial products or services.(2) Promoting economic opportunity for individuals or communities beyond the creation of jobs in the normal course of business.(3) Protecting or restoring the environment.(4) Improving human health.(5) Promoting the arts, sciences, or advancement of knowledge.(6) Increasing the flow of capital to entities with a purpose to benefit society or the environment.(7) Conferring any other particular benefit on society or the environment.As added by P.L.93-2015, SEC.3.
IN Code § 23-1.3-2-11 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 1.3. Benefit Corporations|Chapter 2. Definitions|23-1.3-2-11. "Subsidiary"

Sec. 11. "Subsidiary" means, in relation to a person, a business entity in which the person owns at least fifty percent (50%) of the outstanding equity interests, calculated as if all outstanding rights to acquire equity interests in the entity had been exercised.As added by P.L.93-2015, SEC.3.
IN Code § 23-1.3-2-12 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 1.3. Benefit Corporations|Chapter 2. Definitions|23-1.3-2-12. "Third Party Standard"

Sec. 12. "Third party standard" means a recognized standard for defining, reporting, and assessing corporate social and environmental performance that is:(1) comprehensive because it assesses the effect of the benefit corporation and the benefit corporation's operations upon the interests listed in IC 23-1.3-5-1(1)(B) through IC 23-1.3-5-1(1)(E);(2) developed by an entity that is not controlled by a benefit corporation;(3) developed by an entity that:(A) has access to necessary expertise to assess overall corporate social and environmental performance;(B) uses a balanced multistakeholder approach to develop the standard, including a reasonable public comment period;(C) was not materially financed by any of the following organizations and not more than one-third (1/3) of the members of the governing body of the entity are representatives of:(i) associations or businesses operating in the same industry, the performance of whose members is measured by the standard; or(ii) businesses from the same industry or an association of businesses in that industry; and(4) transparent because all the following information is publicly available:(A) The criteria considered when measuring the overall social and environmental performance of a business.(B) The relative weightings, if any, of the criteria described in clause (A).(C) The identity of the directors, officers, material owners, and governing body of the entity that developed and controls revisions to the standard.(D) The process by which revisions to the standard and changes to the membership of the governing body are made.(E) An accounting of the revenue and sources of financial support for the entity, with sufficient detail to disclose any relationships that could reasonably be considered to present a potential conflict of interest.As added by P.L.93-2015, SEC.3.
IN Code § 23-1.3-3-1 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 1.3. Benefit Corporations|Chapter 3. Benefit Corporation Status|23-1.3-3-1. Incorporation as Benefit Corporation

Sec. 1. A benefit corporation shall be incorporated in accordance with IC 23-1-21, except that its articles of incorporation must state that it is a benefit corporation.As added by P.L.93-2015, SEC.3.
IN Code § 23-1.3-3-2 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 1.3. Benefit Corporations|Chapter 3. Benefit Corporation Status|23-1.3-3-2. Election of Benefit Corporation Status by Existing Corporation; Amending Articles of Incorporation; Minimum Status Vote

Sec. 2. (a) Subject to subsection (b), an existing corporation may become a benefit corporation under this article by amending its articles of incorporation to contain, in addition to any content requirements for articles of incorporation under IC 23-1, the following:(1) A statement that the corporation is a benefit corporation.(2) A statement reading "By enacting this article, the State of Indiana does not endorse any particular benefit corporation, or approve or disapprove any of the purposes of a benefit corporation or any claimed general public benefit or specific public benefit, and no inference should be drawn from the acceptance of any filings with respect to a benefit corporation under IC 23-1.3, that the benefit corporation has or will in fact provide any general public benefit or specific public benefit.(b) An amendment to the articles of incorporation under subsection (a) is not effective unless the amendment is adopted by at least a minimum status vote.As added by P.L.93-2015, SEC.3.
IN Code § 23-1.3-3-3 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 1.3. Benefit Corporations|Chapter 3. Benefit Corporation Status|23-1.3-3-3. Plan of Merger, Consolidation, Conversion, or Share Exchange; Minimum Status Vote

Sec. 3. (a) This section does not apply to a corporation that is a party to a merger if the shareholders of the corporation are not entitled to vote on the merger under IC 23-1-40.(b) If:(1) a domestic entity that is not a benefit corporation is a party to:(A) a merger, consolidation, or conversion; or(B) the exchanging entity in a share exchange; and(2) the surviving entity in the merger, consolidation, conversion, or share exchange is to be a benefit corporation;the plan of merger, consolidation, conversion, or share exchange must be adopted by the domestic entity by at least the minimum status vote.As added by P.L.93-2015, SEC.3.
IN Code § 23-1.3-3-4 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 1.3. Benefit Corporations|Chapter 3. Benefit Corporation Status|23-1.3-3-4. Terminating Status; Minimum Status Vote

Sec. 4. (a) Subject to subsection (b), a benefit corporation may terminate its status as a benefit corporation and cease to be subject to this article by amending its articles of incorporation to delete the statement in its articles of incorporation required under sections 1 and 2 of this chapter.(b) An amendment to the articles of incorporation under subsection (a) is not effective unless the amendment is adopted by at least a minimum status vote.As added by P.L.93-2015, SEC.3.
IN Code § 23-1.3-3-5 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 1.3. Benefit Corporations|Chapter 3. Benefit Corporation Status|23-1.3-3-5. Plan of Merger, Consolidation, Conversion, or Share Affecting Status; Minimum Status Vote

Sec. 5. (a) This section does not apply to a corporation that is a party to a merger if the shareholders of the corporation are not entitled to vote on the merger under IC 23-1-40.(b) If a plan of merger, consolidation, conversion, or share exchange would have the effect of terminating the status of a corporation as a benefit corporation, the plan must be adopted by at least a minimum status vote in order to be effective.As added by P.L.93-2015, SEC.3.
IN Code § 23-1.3-3-6 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 1.3. Benefit Corporations|Chapter 3. Benefit Corporation Status|23-1.3-3-6. Requirements for Sale, Lease, Exchange, or Other Disposition of Assets

Sec. 6. Any sale, lease, exchange, or other disposition of all or substantially all of the assets of a benefit corporation is not effective unless one (1) or more of the following apply:(1) The transaction is in the usual and regular course of business.(2) The transaction is approved by at least a minimum status vote.As added by P.L.93-2015, SEC.3.
IN Code § 23-1.3-4-1 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 1.3. Benefit Corporations|Chapter 4. Purpose of a Benefit Corporation|23-1.3-4-1. General Public Benefit Purpose

Sec. 1. A benefit corporation shall have a purpose of creating general public benefit. The purpose under this section is in addition to a benefit corporation's purpose under IC 23-1-21-2.As added by P.L.93-2015, SEC.3.
IN Code § 23-1.3-4-2 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 1.3. Benefit Corporations|Chapter 4. Purpose of a Benefit Corporation|23-1.3-4-2. Specific Public Benefit Purpose

Sec. 2. (a) A benefit corporation may identify in its articles of incorporation one (1) or more specific public benefits that it is the purpose of the benefit corporation to create in addition to the benefit corporation's purposes under IC 23-1-21-2 and section 1 of this chapter.(b) The identification of a specific public benefit under subsection (a) does not limit the purpose of a benefit corporation to create general public benefit under section 1 of this chapter.As added by P.L.93-2015, SEC.3.
IN Code § 23-1.3-4-3 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 1.3. Benefit Corporations|Chapter 4. Purpose of a Benefit Corporation|23-1.3-4-3. Effect of Public Benefit Purposes

Sec. 3. The creation of general public benefit and a specific public benefit under sections 1 and 2 of this chapter is in the best interests of a benefit corporation.As added by P.L.93-2015, SEC.3.
IN Code § 23-1.3-4-4 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 1.3. Benefit Corporations|Chapter 4. Purpose of a Benefit Corporation|23-1.3-4-4. Amending Articles of Incorporation; Specific Public Benefit

Sec. 4. (a) Subject to subsection (b), a benefit corporation may amend its articles of incorporation to add, amend, or delete the identification of a specific public benefit described in section 2 of this chapter.(b) An amendment to the articles of incorporation under subsection (a) is not effective unless the amendment is adopted by a vote of the shareholders of each class or series of shares entitled to cast at least two-thirds (2/3) of the votes that all shareholders of the class or series are entitled to cast on the amendment.As added by P.L.93-2015, SEC.3.
IN Code § 23-1.3-4-5 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 1.3. Benefit Corporations|Chapter 4. Purpose of a Benefit Corporation|23-1.3-4-5. Professional Corporations

Sec. 5. A professional corporation that is a benefit corporation does not violate IC 23-1.5-2-3 by having the purpose to create general public benefit or a specific public benefit.As added by P.L.93-2015, SEC.3.
IN Code § 23-1.3-5-1 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 1.3. Benefit Corporations|Chapter 5. Standard of Conduct for Directors|23-1.3-5-1. Consideration of Interests

Sec. 1. The following apply to the board of directors, committees of the board of directors, and individual directors of a benefit corporation in discharging the duties of their respective positions and in considering the best interests of the benefit corporation:(1) The board of directors, committees of the board of directors, and individual directors shall consider the effects of any action or inaction upon all the following:(A) The shareholders of the benefit corporation.(B) The employees and workforce of the:(i) benefit corporation;(ii) subsidiaries of the benefit corporation; and(iii) suppliers of the benefit corporation.(C) The interests of customers as beneficiaries of the general public benefit or specific public benefit purposes of the benefit corporation.(D) Community and societal factors, including the factors of each community in which:(i) offices or facilities;(ii) subsidiaries; or(iii) suppliers;of the benefit corporation are located.(E) The local and global environment.(F) The short term and long term interests of the benefit corporation, including benefits that may accrue to the benefit corporation from its long term plans and the possibility that the interests may be best served by the continued independence of the benefit corporation.(G) The ability of the benefit corporation to accomplish its general public benefit purpose and any specific public benefit purpose.(2) The board of directors, committees of the board of directors, and individual directors may consider other pertinent factors or the interests of any other group that the board of directors, committees of the board of directors, or individual directors consider appropriate.(3) The board of directors, committees of the board of directors, and individual directors are not required to give priority to a particular interest or factor listed in subdivision (1) or (2) over any other interest or factor unless the benefit corporation has stated in its articles of incorporation its intention to give priority to certain interests or factors related to its accomplishment of its general public benefit purpose or of a specific public benefit purpose identified in its articles of incorporation.As added by P.L.93-2015, SEC.3.
IN Code § 23-1.3-5-2 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 1.3. Benefit Corporations|Chapter 5. Standard of Conduct for Directors|23-1.3-5-2. Consideration of Interests Consistent With Other Laws

Sec. 2. The consideration of interests and factors provided in section 1 of this chapter:(1) does not constitute a violation of IC 23-1-35; and(2) is in addition to the ability of directors to consider interests and factors under IC 23-1-35-1.As added by P.L.93-2015, SEC.3.
IN Code § 23-1.3-5-3 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 1.3. Benefit Corporations|Chapter 5. Standard of Conduct for Directors|23-1.3-5-3. Immune From Personal Liability

Sec. 3. Except as otherwise provided in the bylaws of a benefit corporation, a director is not personally liable for monetary damages for:(1) any action or inaction in the course of performing the duties of a director under section 1 of this chapter if the director performed the duties in compliance with IC 23-1-35 and this chapter; or(2) the failure of the benefit corporation to pursue or create general public benefit or a specific public benefit.As added by P.L.93-2015, SEC.3.
IN Code § 23-1.3-5-4 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 1.3. Benefit Corporations|Chapter 5. Standard of Conduct for Directors|23-1.3-5-4. No Duty to Beneficiary

Sec. 4. A director does 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.As added by P.L.93-2015, SEC.3.
IN Code § 23-1.3-6-1 (2021)
2021 Indiana Code|Title 23. Business and Other Associations|Article 1.3. Benefit Corporations|Chapter 6. Benefit Director|23-1.3-6-1. Benefit Director

Sec. 1. The board of directors of a benefit corporation must include a director who:(1) is designated the benefit director; and(2) has, in addition to the powers, duties, rights, and immunities of the other directors of the benefit corporation, the powers, duties, rights, and immunities provided in this chapter.As added by P.L.93-2015, SEC.3.