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Mass. Gen. Laws ch. 156E – Benefit Corporations | Midpage
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Massachusetts General Laws
Part I
Title XXII
Chapter 156E
Mass. Gen. Laws ch. 156E
Benefit Corporations
1
Short title
2
Definitions
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Compliance with chapters 156A and 156D; authority of this chapter over articles of organization, bylaws or shareholder agreement of benefit corporation
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Organization of benefit corporation
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Election by existing corporation to convert to benefit corporation
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Termination of status as benefit corporation
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Prohibition against advertising as benefit corporation without full compliance with this chapter
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Creation for benefit corporation resulting from merger, share exchange or conversion
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General public benefit; specific public benefit
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Board of directors, committees and individual directors; consideration of best interests of corporation; non-liability for monetary damages
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Benefit director; powers and duties; election and removal annual shareholder's report; non-liability
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Officers; consideration of interests and factors of Sec. 10, subsec. (a); non-liability for monetary damages
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Benefit officer; powers and duties
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Benefit enforcement proceeding
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Annual benefit report
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Timing of annual benefit report sent to shareholders; posting on website; copy to state secretary