New Jersey § 14a:18-10

§ 14a:18-10.

a. The duties of directors and officers under this act, and the general and any specific

public benefit purpose of a benefit corporation, may be enforced only in a benefit

enforcement proceeding. No person may bring an action or assert a claim against a benefit corporation or

its directors or officers with respect to the duties of directors and officers under

this act and the general and any specific public benefit purpose of the benefit corporation

except in a benefit enforcement proceeding. b. A benefit enforcement proceeding may be commenced or maintained only: (1) Directly by the benefit corporation; or (2) Derivatively by: (a) a shareholder; (b) a director; (c) a person or group of persons that owns beneficially or of record 10% or more of

the equity interests in an entity of which the benefit corporation is a subsidiary;

or (d) such other persons as may be specified in the certificate of incorporation or

by-laws of the benefit corporation.