New Jersey § 14a:18-8
Full text of New Jersey New Jersey Statutes § 14a:18-8, with citation guidance and answers to common questions.
§ 14a:18-8.
a. Each officer of a benefit corporation shall consider the interests and factors
described in subsection a. of section 6 of this act 1 when: (1) The officer has discretion to act with respect to a matter; and (2) It reasonably appears to the officer that the matter may have a material effect
on: (a) the creation of general or specific public benefits by the benefit corporation;
or (b) any of the interests or factors referred to in subsection a. of section 6 of this
act. b. The consideration of interests and factors in the manner described in subsection
c. of section 6 of this act. c. An officer is not personally liable for monetary damages for failure of the benefit
corporation to create general or specific public benefit. 1
L.2011, c. 30 (N.J.S.A. § 14A:18-6).
Frequently Asked Questions About New Jersey § 14a:18-8
What does New Jersey Statutes § 14a:18-8 cover?
Section 14a:18-8 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 14a:18-8?
A common citation format is "New Jersey Statutes § 14a:18-8" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 14a:18-8 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.