§ 5–6C-07
Statutes in effect as of October 1, 2026.
Md. Code Ann., Corps. & Ass'ns § 5-6C-07 (2026)
Title 5. Special Types of Corporations
Subtitle 6C. Benefit Corporations
§ 5–6C-07LinkCopy Citation
(a)
A director of a benefit corporation, in performing the duties of a director, including the director’s duties as a member of a committee and in addition to the duties described in § 2–405.1 of this article:
(1)
In determining what the director reasonably believes to be in the best interests of the benefit corporation, shall consider the effects of any action, or decision not to act, on:
(i)
The stockholders of the benefit corporation;
(ii)
The employees and workforce of the benefit corporation and the subsidiaries and suppliers of the benefit corporation;
(iii)
The interests of customers as beneficiaries of the general or specific public benefit purposes of the benefit corporation;
(iv)
Community and societal considerations, including those of any community in which offices or facilities of the benefit corporation or the subsidiaries or suppliers of the benefit corporation are located; and
(v)
The local and global environment; and
(2)
May consider any other pertinent factors or the interests of any other group that the director determines are appropriate to consider.
(b)
A director of a benefit corporation, in the performance of duties in that capacity, does not have any duty to a person that is a beneficiary of the public benefit purposes of the benefit corporation.
(c)
A director of a benefit corporation, in the reasonable performance of duties in accordance with the standard provided in this subtitle, shall have the immunity from liability described in § 5–417 of the Courts Article.