13-C §1824. Benefit officer
§1824. Benefit officer 1. Designation. A benefit corporation may have an officer designated the benefit officer. [PL 2019, c. 328, §1 (NEW).] 2. Functions. A benefit officer has: A. The powers and duties relating to the purpose of the corporation to create general public benefit or a specific public benefit provided by the […]
13-C §1825. Right of action
§1825. Right of action 1. General rule. Except in a benefit enforcement proceeding, a person may not bring an action or assert a claim against a benefit corporation or its directors or officers with respect to: A. Failure to pursue or create general public benefit or a specific public benefit set forth in the […]
13-C §1831. Preparation of annual benefit report
§1831. Preparation of annual benefit report 1. Contents. A benefit corporation shall prepare an annual benefit report including: A. A narrative description of: (1) The ways in which the benefit corporation pursued general public benefit during the year and the extent to which general public benefit was created; (2) The ways in […]
13-C §1832. Availability of annual benefit report
§1832. Availability of annual benefit report 1. Timing of report. A benefit corporation shall send its annual benefit report to each shareholder on the earlier of: A. One hundred and twenty days following the end of the fiscal year of the benefit corporation; and [PL 2019, c. 328, §1 (NEW).] B. At the […]
13-C §1522. Automatic withdrawal upon certain conversions
§1522. Automatic withdrawal upon certain conversions A foreign business corporation authorized to transact business in this State that converts to a domestic nonprofit corporation or any form of domestic filing entity is deemed to have withdrawn on the effective date of the conversion. [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. […]
13-C §1623. Amended annual report of domestic or foreign corporations
§1623. Amended annual report of domestic or foreign corporations 1. Amended annual report. If the information contained in an annual report filed under section 1621 has changed, a domestic or foreign corporation may, if it determines necessary, deliver to the Secretary of State for filing an amended annual report to change the information on file. […]
13-C §1523. Withdrawal upon conversion to a nonfiling entity
§1523. Withdrawal upon conversion to a nonfiling entity 1. Withdrawal upon conversion. A foreign business corporation authorized to transact business in this State that converts to a domestic or foreign nonfiling entity shall file an application of withdrawal by delivering an application to the Secretary of State for filing. The application must set forth: […]
13-C §1701. Application
§1701. Application 1. Application. Except as provided in subsection 2, this Act applies to all domestic corporations in existence on the effective date of this Act that were incorporated under any general statute of this State providing for incorporation of corporations for profit or with shares or under any act providing for the creation of […]
13-C §1524. Transfer of authority
§1524. Transfer of authority 1. Application for transfer of authority; contents. A foreign business corporation authorized to transact business in this State that converts to a foreign nonprofit corporation or to any form of foreign other entity that is required to file an application for authority or make a similar type of filing with the […]
13-C §1531. Grounds for revocation (REPEALED)
§1531. Grounds for revocation (REPEALED) SECTION HISTORY PL 2001, c. 640, §A2 (NEW). PL 2001, c. 640, §B7 (AFF). PL 2003, c. 344, §B130 (AMD). PL 2003, c. 631, §29 (RP).