Company purpose.

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  • (1) In addition to the benefit company's purpose under Section 48-3a-104, a benefit company shall have a purpose of creating general public benefit.
  • (2)
    • (a) A benefit company's certificate of organization may identify one or more specific public benefits that are the purposes of the benefit company to create.
    • (b) Identifying a specific public benefit in accordance with Subsection (2)(a) does not affect a benefit company's obligation to create general public benefit in accordance with Subsection (1).
  • (3) The creation of general public benefit and one or more specific public benefits is in the best interests of the benefit company.
  • (4)
    • (a) A benefit company may amend the benefit company's certificate or organization to add, amend, or delete a specific public benefit.
    • (b) An amendment described in Subsection (4)(a) is not effective unless adopted by at least the minimum status vote.




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