Benefit corporation definition

Benefit corporation means a domestic corporation that has elected to become subject to this chapter and that has not terminated its status as a benefit corporation pursuant to Section 33‑38‑220.

Benefit corporation means a corporation that sets forth in its articles of incorporation one or more beneficial purposes among the purposes for which the corporation is formed.

Benefit corporation means a corporation organized under

Examples of Benefit corporation in a sentence

• The approval of any self-dealing transaction as such transactions are defined in Section 5233(a) of the California Nonprofit Public Benefit corporation Law, except as permitted under Section 24 of this Article.

• Definitions.23 (a) The following definitions apply to this Article:24 (1) Benefit corporation.

• Benefit corporation legislation does not mark the end of the corporate social responsibility debate.

• Benefit corporation legislation defines its “general public benefit” as a “material positive impact on society and the environment.” Id.

• Benefit corporation legislation requires a two-thirds supermajority vote in order for a traditional corporation to convert into a benefit corporation.147 This enables shareholders to help decide whether they want their current investment to be converted into an investment in a benefit corporation.

More Definitions of Benefit corporation

Benefit corporation means a business corporation (A) that has elected to become subject to the provisions of chapter 604 of the general statutes, and (B) whose status as a benefit corporation has not been terminated pursuant to section 33-1356 of the general statutes, as amended by this act.

Benefit corporation means a business corporation (A) that has elected to become subject to the provisions of sections 33-1352 to 33-1364, inclusive, as amended by this act, and (B) whose status as a benefit corporation has not been terminated pursuant to section 33-1356, as amended by this act.

Benefit corporation means a corporation that both:

Benefit corporation means a business corporation (A) that has

Benefit corporation means a business corporation (A) that has elected to become subject to the provisions of sections 3 to 15, inclusive, of this act, and (B) whose status as a benefit corporation has not been terminated pursuant to section 7 of this act.

Benefit corporation means a business corporation:

Benefit corporation means a domestic corporation that has elected to become subject to this chapter by including a provision in its articles of incorporation providing that it is a benefit corporation governed by this chapter and that has not terminated its status as a benefit corporation pursuant to Section 33‑38‑220.