2011 Senate Bill 360

Authorize “business benefit corporations”

Introduced in the Senate

Aug. 4, 2011

Introduced by Sen. Mark Jansen (R-28)

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 Economic Development

Oct. 4, 2011

Referred to the Committee on Reforms, Restructuring, and Reinventing