HB 757: Benefit Corporations
GENERAL BILL by Clemens ; (CO-INTRODUCERS) Kriseman
Benefit Corporations; Provides for organization of benefit corporations; provides for existing corporations to become benefit corporations; authorizes corporation to terminate its status as benefit corporation; requires corporate purposes set forth in articles of incorporation of benefit corporation to include certain public benefits; authorizes benefit corporations to set forth certain public benefit purposes in their bylaws; authorizes board of directors of benefit corporation to adopt certain public benefit purposes for corporation; prescribes certain standards of conduct for, & limits liability of, directors of benefit corporations; limits liability of officers of benefit corporation; authorizes benefit corporation to bring enforcement actions for certain claims against directors & officers of corporation; provides for commencement & maintenance of proceedings; requires benefit corporation to submit an annual benefit report to DOS & corporation's shareholders; provides for public disclosure of annual benefit reports.
Last Action: 3/9/2012 House - Died in Business and Consumer Affairs Subcommittee
Bill Text: Web Page | PDF
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Bill History
Date Chamber Action 11/22/2011 House • Filed
11/29/2011 House • Referred to Business and Consumer Affairs Subcommittee; Civil Justice Subcommittee; Rulemaking and Regulation Subcommittee; Economic Affairs Committee -HJ 75
1/10/2012 House • Introduced -HJ 74
3/9/2012 House • Died in Business and Consumer Affairs Subcommittee
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HB 757, Original Filed Version (Current Bill Version) Posted 11/22/2011 at 11:11 AM
Bill Text: Web Page | PDF Analyses: None Citations - Statutes (11)
Citation Catchline Location in Bill Location In Bill Help 207.2015 Page 9 (pdf) 607.0128 Certificate of status. Page 13 (pdf) 607.2001 Page 2 (pdf) 607.2003 Page 4 (pdf) 607.2005 Page 5 (pdf) 607.2007 Page 5 (pdf) 607.2009 Page 5 (pdf) 607.2011 Page 6 (pdf) 607.2013 Page 7 (pdf) 607.2017 Page 10 (pdf) 607.2019 Page 11 (pdf)