SB14 Alabama 2013 Session
Summary
- Primary Sponsor
-
Cam WardRepublican - 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.
- Subjects
- Corporations
Bill Actions
Pending third reading on day 4 Favorable from Judiciary with 1 amendment
Indefinitely Postponed
Read for the second time and placed on the calendar 1 amendment
Read for the first time and referred to the Senate committee on Judiciary
Bill Text
Documents
Source: Alabama Legislature