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2013 Regular Session
Overview
At the request of:
Chief Sponsors: Representative Bailey, Read
Regular Sponsors: Representative Fagan, Senator Edwards (Presession Filed)
Bill Title: Relating to benefit companies.
Catchline/Summary: Permits creation of, or conversion of other business entity into, benefit company that has purpose of providing general public benefit and possible specific public benefit in addition to other purposes.
Specifies approval requirements from holders of equity interests in benefit company. Specifies nature of general and specific public benefits. Prescribes requirements for and duties of benefit governor and specifies limits on benefit governor's liability. Requires annual benefit report.
Chapter Number: Chapter 269
Fiscal Impact: No Fiscal Impact
Revenue Impact: No Revenue Impact
Measure Analysis: Staff Measure Summary / Impact Statements
Current Location: Chapter Number Assigned
Current Committee:
Current Subcommittee:
Subsequent Referral(s):
Measure History
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