Election by corporation to become benefit corporation

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    (a)    A corporation may elect to be a benefit corporation under this subtitle by amending or including in the charter of the corporation a statement that the corporation is a benefit corporation.

    (b)    An amendment described in subsection (a) of this section shall be approved in accordance with Title 2, Subtitle 6 of this article.

    (c)    The name of a domestic benefit corporation or a foreign benefit corporation authorized to transact business in the State must comply with Title 1, Subtitle 5 of this article.


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