2013 House Bill 4527

Authorize “business benefit corporations”

Introduced in the House

April 10, 2013

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 Commerce