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ID S1227
Bill
Status
Introduced
1/29/2016
Primary Sponsor
Commerce and Human Resources Committee
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AI Summary
- Removes the requirement for benefit corporations to file annual benefit reports with the Idaho Secretary of State
- Eliminates the filing fee that the Secretary of State was authorized to charge for benefit report submissions
- Retains requirement that benefit corporations send annual benefit reports to shareholders within 120 days of fiscal year end or when delivering other annual reports, whichever is earlier
- Maintains requirement that benefit corporations post benefit reports on their websites (if they have one) or provide copies upon request, with option to omit director compensation and proprietary information
- Amends Section 30-2013 of the Idaho Code
Legislative Description
Amends existing law to remove the requirement of filing a benefit corporation's benefit report with the Secretary of State.
CORPORATE BENEFIT REPORT
Last Action
Reported Printed; referred to Commerce & Human Resources
2/1/2016
Committee Referrals
Judiciary and Rules1/29/2016
Full Bill Text
No bill text available