Individuals & Families
Small Businesses
Nonprofits
Employers
Employee Benefits Brokers
PEOs
Credit Unions
Membership Groups
Legal Information
Sign In
/
U.S. State Codes
/
Massachusetts
/
Part I - Administration of ...
/
Title XXII - Corporations
/
Chapter 156e - Benefit Corporations
Chapter 156e - Benefit Corporations
Section 1 - Short Title
Section 2 - Definitions
Section 3 - Compliance With Chapters 156a and 156d; Authority of This Chapter Over Articles of Organization, Bylaws or Shareholder Agreement of Benefit Corporation
Section 4 - Organization of Benefit Corporation
Section 5 - Election by Existing Corporation to Convert to Benefit Corporation
Section 6 - Termination of Status as Benefit Corporation
Section 7 - Prohibition Against Advertising as Benefit Corporation Without Full Compliance With This Chapter
Section 8 - Creation for Benefit Corporation Resulting From Merger, Share Exchange or Conversion
Section 9 - General Public Benefit; Specific Public Benefit
Section 10 - Board of Directors, Committees and Individual Directors; Consideration of Best Interests of Corporation; Non-Liability for Monetary Damages
Section 11 - Benefit Director; Powers and Duties; Election and Removal Annual Shareholder's Report; Non-Liability
Section 12 - Officers; Consideration of Interests and Factors of Sec. 10, Subsec. (A); Non-Liability for Monetary Damages
Section 13 - Benefit Officer; Powers and Duties
Section 14 - Benefit Enforcement Proceeding
Section 15 - Annual Benefit Report
Section 16 - Timing of Annual Benefit Report Sent to Shareholders; Posting on Website; Copy to State Secretary