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, however, does offer legal clarity, transparency, and accountability for businesses, consumers, and investors interested in corporate social responsibility.

• Section 3.1 General PurposeThe Club is a nonprofit Mutual Benefit corporation organized under the Nonprofit Corporation Law of California ("California Nonprofit Corporation Law").

• Benefit corporation proponents argue that dissenters’ rights are not included in the model benefit corporation legislation because changing corporate form is not a liquidation event.

More Definitions of Benefit corporation

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 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 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.