MS HB207 | 2023 | Regular Session


Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 31 2023 - 100% progression
Action: 2023-01-31 - Died In Committee
Text: Latest bill text (Introduced) [HTML]


An Act To Create The "mississippi Benefit Corporation Act"; To Provide That A Corporation Subject To The Mississippi Benefit Corporation Act May Be Simultaneously Subject To The Mississippi Business Corporation Act And The Mississippi Professional Corporation Act; To Provide Certain Definitions; To Require A Benefit Corporation To Be Incorporated In Accordance With The Mississippi Business Corporation Act; To Provide That A Business Corporation May Elect To Become A Benefit Corporation; To Provide That A Benefit Corporation May Terminate Its Benefit Corporation Status; To Require A Benefit Corporation To Have A Purpose Of Creating General Public Benefit; To Specify The Standard Of Conduct For Benefit Corporation Directors; To Authorize The Board Of Directors Of A Benefit Corporation To Designate A Benefit Director; To Specify The Standard Of Conduct For Officers; To Authorize A Benefit Corporation To Designate A Benefit Officer; To Limit The Liability Of Benefit Corporations For Certain Actions Regarding Its Failure To Pursue General Public Benefit; To Require A Benefit Corporation To Prepare An Annual Benefit Report; To Require A Benefit Corporation To Send Its Benefit Report To Shareholders And Make It Available On Its Website Or Provide Copies Upon Request; To Bring Forward Sections 79-4-2.01, 79-4-2.02, 79-4-2.03, 79-4-2.04, 79-4-2.05, 79-4-2.06, 79-4-2.07, 79-4-3.01, 79-4-7.40, 79-4-7.48, 79-4-8.08, 79-4-8.09, 79-4-8.30, 79-4-8.41, 79-4-8.42 And 79-10-19, Mississippi Code Of 1972, For Purposes Of Possible Amendment; To Amend Section 79-4-11.04, Mississippi Code Of 1972, To Make Certain Technical Amendments; And For Related Purposes.

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Mississippi Benefit Corporation Act; create.



2023-01-31HouseDied In Committee
2023-01-04HouseReferred To Judiciary A;Appropriations

Code Citations

ChapterArticleSectionCitation TypeStatute Text
791019New CodeSee Bill Text
79411Amended CodeSee Bill Text
7942New CodeSee Bill Text
7943New CodeSee Bill Text
7947New CodeSee Bill Text
7948New CodeSee Bill Text

Mississippi State Sources

Bill Comments