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CT HB05463

Bill

Official Source

Status

Introduced

1/22/2013

Primary Sponsor

Gregory Haddad

Click for details

Origin

House of Representatives

2013 General Assembly

AI Summary

  • Establishes benefit corporations as a new class of for-profit corporations in Connecticut under chapter 601 of the general statutes
  • Requires benefit corporations to have as one of their purposes the creation of a general public benefit that produces a material positive impact on society and the environment
  • Mandates annual preparation of a benefit report documenting the corporation's pursuit of public benefit objectives
  • Makes director duties, annual benefit reporting, and pursuit of general public benefit enforceable exclusively through benefit enforcement proceedings
  • Referred to the Committee on Commerce during the January 2013 legislative session

Legislative Description

An Act Concerning The Establishment Of Benefit Corporations.

Last Action

Referred to Joint Committee on Commerce

1/22/2013

Committee Referrals

Commerce1/22/2013

Full Bill Text

No bill text available