SB14 Alabama 2013 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2013
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 Date | Chamber | Action |
|---|---|---|
| May 7, 2013 | S | Pending third reading on day 4 Favorable from Judiciary with 1 amendment |
| May 7, 2013 | S | Indefinitely Postponed |
| February 7, 2013 | S | Read for the second time and placed on the calendar 1 amendment |
| February 5, 2013 | S | Read for the first time and referred to the Senate committee on Judiciary |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB14 Alabama 2013 Session - Introduced |