- (1) In addition to the benefit company's purpose under Section 48-3a-104, a benefit company shall have a purpose of creating general public benefit.
(2)
- (a) A benefit company's certificate of organization may identify one or more specific public benefits that are the purposes of the benefit company to create.
- (b) Identifying a specific public benefit in accordance with Subsection (2)(a) does not affect a benefit company's obligation to create general public benefit in accordance with Subsection (1).
- (3) The creation of general public benefit and one or more specific public benefits is in the best interests of the benefit company.
(4)
- (a) A benefit company may amend the benefit company's certificate or organization to add, amend, or delete a specific public benefit.
- (b) An amendment described in Subsection (4)(a) is not effective unless adopted by at least the minimum status vote.
Renumbered and Amended by Chapter 92, 2026 General Session