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PART I
TITLE XXII
CHAPTER 156E
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PART I
ADMINISTRATION OF THE GOVERNMENT
(Chapters 1 through 182)
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TITLE XXII
CORPORATIONS
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CHAPTER 156E
BENEFIT CORPORATIONS
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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
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