2016 House Bill 5712

Authorize business “benefit corporations”

Introduced in the House

May 31, 2016

Introduced by Rep. David LaGrand (D-75)

To authorize the incorporation of a new type of business organization called a “benefit corporation” that is explicitly authorized to perform service and money-disbursing actions typical of non-profit charities in addition to profit-seeking business operations.

Referred to the Committee on Commerce and Trade