2011 House Bill 4615

Authorize “business benefit corporations”

Introduced in the House

May 4, 2011

Introduced by Rep. Wayne Schmidt (R-104)

To authorize the incorporation of a new type of business organization called a “business 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 Judiciary