Permits creation of, or conversion of other business entity into, benefit corporation for purpose of providing general public benefit or specific public benefit in addition to other corporate purposes. Permits creation of, or conversion of other business entity into, benefit corporation for purpose of providing general public benefit or specific public benefit in addition to other corporate purposes. Specifies approval requirements from holders of equity interests in benefit corporation. Specifies nature of general and specific public benefits. Prescribes requirements for and duties of benefit director and benefit officer and specifies limits on benefit director's and benefit officer's liability. Requires annual benefit report.
Specifies requirements for objective standard against which benefit corporation measures whether benefit corporation provided general public benefit and any required specific public benefit.
Chapter Number:
Fiscal Impact:
May Have Fiscal Impact, But No Statement Yet Issued
Oregon Legislative Assembly - Public Testimony Registration Form
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HB 2318 House Committee On Business and Labor
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Measure Not Scheduled for Public Testimony
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help.leg@oregonlegislature.gov or call 1-800-332-2313.