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  1. Bama Politics
  2. Alabama
  3. Alabama House & Senate Bills
  4. 2012 Alabama Legislative Regular Session
  5. 2012 Alabama Senate Bills
  6. SB569 Alabama 2012 Session

SB569 Alabama 2012 Session

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In Committee

Bill Summary

Sponsors
  • Cam Ward
Session
Regular Session 2012
Title
Corporations, definition, authorization and regulation of a benefit corporation
Description

Under existing law, the Alabama Business Corporation Law authorizes and regulates the formation and governance of general corporations

The Alabama Nonprofit Corporation Law authorizes the formation and governs the nonprofit corporation

This bill would authorize and regulate the formation of a benefit corporation

This bill would define terms

This bill would permit an existing corporation to become a benefit corporation

This bill would provide standards of conduct for directors and officers

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.

Subjects
Corporations

Bill Actions

Action DateChamberAction
April 26, 2012Read for the first time and referred to the Senate committee on Judiciary

Bill Text

Download SB569 Alabama 2012 Session PDF

Bill Documents

TypeLink
Bill Text SB569 Alabama 2012 Session - Introduced
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