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.