§ 5-6C-06. Purpose of benefit corporation
West's Annotated Code of MarylandCorporations and AssociationsEffective: October 1, 2010
Effective: October 1, 2010
MD Code, Corporations and Associations, § 5-6C-06
§ 5-6C-06. Purpose of benefit corporation
(a)(1) Each benefit corporation shall have the purpose of creating a general public benefit.
(b)(1) In addition to its purposes under § 2-101 of this article and subsection (a) of this section, the charter of a benefit corporation may identify as one of the purposes of the benefit corporation the creation of one or more specific public benefits.
Credits
Added by Acts 2010, c. 97, § 1, eff. Oct. 1, 2010; Acts 2010, c. 98, § 1, eff. Oct. 1, 2010.
MD Code, Corporations and Associations, § 5-6C-06, MD CORP & ASSNS § 5-6C-06
Current through legislation effective through June 1, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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