New Jersey § 14a:18-6
Full text of New Jersey New Jersey Statutes § 14a:18-6, with citation guidance and answers to common questions.
§ 14a:18-6.
a. The board of directors, committees of the board and individual directors of a benefit
corporation, in considering the best interests of the benefit corporation shall consider
the effects of any action upon: (1) the shareholders of the benefit corporation; (2) the employees and workforce of the benefit corporation and its subsidiaries and
suppliers; (3) the interests of customers as beneficiaries of the general or specific public
benefit purposes of the benefit corporation; (4) community and societal considerations, including those of any community in which
offices or facilities of the benefit corporation or its subsidiaries or suppliers
are located; (5) the local and global environment; and (6) 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 these interests may be best served by the continued independence of the benefit
corporation; b. The board of directors, committees of the board and individual directors of a benefit
corporation, in considering the best interests of the benefit corporation may consider: (1) matters listed in subsection (2) of N.J.S.14A:6-1 ; and (2) any other pertinent factors or the interests of any other group that they deem
appropriate; and c. The board of directors, committees of the board and individual directors of a benefit
corporation shall not be required to give priority to the interests of any particular
person or group referred to in subsection a. or subsection b. of this section over
the interests of any other person or group unless the benefit corporation has stated
its intention to give priority to interests related to a specific public benefit purpose
identified in its certificate of incorporation. d. A director is not personally liable for monetary damages for failure of the benefit
corporation to create general or specific public benefits.
Frequently Asked Questions About New Jersey § 14a:18-6
What does New Jersey Statutes § 14a:18-6 cover?
Section 14a:18-6 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:18-6?
A common citation format is "New Jersey Statutes § 14a:18-6" (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:18-6 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.