Bill Text: CT HB05463 | 2013 | General Assembly | Introduced
Bill Title: An Act Concerning The Establishment Of Benefit Corporations.
Spectrum: Partisan Bill (Democrat 9-0)
Status: (Introduced - Dead) 2013-01-22 - Referred to Joint Committee on Commerce [HB05463 Detail]
Download: Connecticut-2013-HB05463-Introduced.html
General Assembly |
Proposed Bill No. 5463 |
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January Session, 2013 |
LCO No. 2109 | ||||
Referred to Committee on COMMERCE |
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Introduced by: |
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REP. HADDAD, 54th Dist. REP. ALBIS, 99th Dist. REP. BERGER, 73rd Dist. REP. WRIGHT E., 41st Dist. REP. O'BRIEN E., 61st Dist. |
REP. WILLIS, 64th Dist. REP. LEMAR, 96th Dist. REP. LUXENBERG, 12th Dist. REP. DEMICCO, 21st Dist. | ||||
AN ACT CONCERNING THE ESTABLISHMENT OF BENEFIT CORPORATIONS.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That chapter 601 of the general statutes be amended to establish a benefit corporation as a class of for-profit corporation that (1) has as one of its purposes the creation of a general public benefit that produces a material positive impact on society and the environment, (2) must prepare an annual benefit report concerning its pursuit of a public benefit, and (3) provides that the duties of its directors, the production of the annual benefit report and the pursuit of a general public benefit may be enforced exclusively through a benefit enforcement proceeding.
Statement of Purpose:
To provide for the establishment of benefit corporations in the state.