S 1405 General Bill, By Sheheen
Similar (H 4766)
Summary: Benefit Corporation Act
    A BILL TO AMEND TITLE 33 OF THE 1976 CODE, RELATING TO CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS, BY ADDING CHAPTER 38 TO ENACT THE "SOUTH CAROLINA BENEFIT CORPORATION ACT" WHICH PERMITS A CORPORATION TO ELECT AS A CORPORATE PURPOSE THE PROVIDING OF CERTAIN PUBLIC BENEFITS WITHOUT SUBJECTING THE CORPORATION OR ITS DIRECTORS TO LIABILITY OR DERIVATIVE SUIT EXCEPT FOR SPECIFIED REASONS AND TO PROVIDE FOR THE POWERS, DUTIES, RESPONSIBILITIES, REPORTING REQUIREMENTS, AND OBLIGATIONS OF BENEFIT CORPORATIONS.
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04/10/12	Senate	Introduced and read first time (Senate Journal-page 5)
04/10/12	Senate	Referred to Committee on Judiciary (Senate Journal-page 5)
04/20/12	Senate	Referred to Subcommittee: Campbell (ch), Cleary, Williams, Nicholson, Gregory