SB569 Alabama 2012 Session

Sponsors

Session

Regular Session 2012

Title

Corporations, definition, authorization and regulation of a benefit corporation

Description

<p class="bill_description"> Under existing law, the Alabama Business Corporation Law authorizes and regulates the formation and governance of general corporations</p><p class="bill_description"> The Alabama Nonprofit Corporation Law authorizes the formation and governs the nonprofit corporation</p><p class="bill_description"> This bill would authorize and regulate the formation of a benefit corporation</p><p class="bill_description"> This bill would define terms</p><p class="bill_description"> This bill would permit an existing corporation to become a benefit corporation</p><p class="bill_description"> This bill would provide standards of conduct for directors and officers</p><p class="bill_entitled_an_act"> Relating to corporations; to authorize and regulate the formation of a benefit corporation; to define terms; to permit an existing corporation to become a benefit corporation; and to provide standards of conduct for directors and officers. </p>

Subjects

Corporations