Section 401 – Preparation of annual benefit report.

Effective 5/13/2014 16-10b-401. Preparation of annual benefit report. (1) A benefit corporation shall prepare an annual benefit report that includes all of the following: (a) a narrative description of: (i) the ways in which the benefit corporation pursued general public benefit during the year and the extent to which general public benefit was created; (ii) […]

Section 402 – Availability of annual benefit report.

Effective 5/12/2015 16-10b-402. Availability of annual benefit report. (1) A benefit corporation shall send its annual benefit report required by Section 16-10b-401 to each shareholder on the earlier of: (a) 120 days following the end of the fiscal year of the benefit corporation; or (b) the same time that the benefit corporation delivers another annual […]