Benefit Corporations

  1. Law
  2. Massachusetts General Laws
  3. Administration of the Government
  4. Corporations
  5. Benefit Corporations

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Section
1

Short Title

Section
2

Definitions

Section
3

Compliance With Chapters 156a and 156d; Authority of This Chapter Over Articles of Organization, Bylaws or Shareholder Agreement of Benefit Corporation

Section
4

Organization of Benefit Corporation

Section
5

Election by Existing Corporation to Convert to Benefit Corporation

Section
6

Termination of Status as Benefit Corporation

Section
7

Prohibition Against Advertising as Benefit Corporation Without Full Compliance With This Chapter

Section
8

Creation for Benefit Corporation Resulting From Merger, Share Exchange or Conversion

Section
9

General Public Benefit; Specific Public Benefit

Section
10

Board of Directors, Committees and Individual Directors; Consideration of Best Interests of Corporation; Non-Liability for Monetary Damages

Section
11

Benefit Director; Powers and Duties; Election and Removal Annual Shareholder's Report; Non-Liability

Section
12

Officers; Consideration of Interests and Factors of Sec. 10, Subsec. (A); Non-Liability for Monetary Damages

Section
13

Benefit Officer; Powers and Duties

Section
14

Benefit Enforcement Proceeding

Section
15

Annual Benefit Report

Section
16

Timing of Annual Benefit Report Sent to Shareholders; Posting on Website; Copy to State Secretary