Bill Status of HB4708  9th General Assembly

Short Description:  BENEFIT CORPORATION ACT

House Sponsors
Rep. Sara Feigenholtz - Karen May - Carol A. Sente, André M. Thapedi, Greg Harris, Robyn Gabel, Kelly M. Cassidy and Kimberly du Buclet

Last Action
DateChamber Action
  1/8/2013HouseSession Sine Die

Statutes Amended In Order of Appearance
New Act


Synopsis As Introduced
Creates the Benefit Corporation Act. Provides that a corporation may elect to become a benefit corporation by amending its articles of incorporation. Provides that in addition to its purposes under the Business Corporation Act of 1983 and any specific purpose set forth in its articles of incorporation, a benefit corporation shall have a purpose of creating general public benefit. Requires the preparation of an annual report for specified distribution and filing with the Secretary of State. Defines key terms and contains provisions concerning accountability and transparency.

Actions 
DateChamber Action
  2/2/2012HouseFiled with the Clerk by Rep. Sara Feigenholtz
  2/3/2012HouseAdded Chief Co-Sponsor Rep. Karen May
  2/3/2012HouseAdded Chief Co-Sponsor Rep. Carol A. Sente
  2/3/2012HouseFirst Reading
  2/3/2012HouseReferred to Rules Committee
  2/15/2012HouseAssigned to Judiciary I - Civil Law Committee
  2/21/2012HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Sara Feigenholtz
  2/21/2012HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  2/29/2012HouseHouse Committee Amendment No. 1 Rules Refers to Judiciary I - Civil Law Committee
  2/29/2012HouseDo Pass / Short Debate Judiciary I - Civil Law Committee; 008-003-000
  2/29/2012HouseAdded Co-Sponsor Rep. André M. Thapedi
  3/1/2012HousePlaced on Calendar 2nd Reading - Short Debate
  3/1/2012HouseHouse Committee Amendment No. 1 Tabled Pursuant to Rule 40
  3/1/2012HouseAdded Co-Sponsor Rep. Greg Harris
  3/2/2012HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Sara Feigenholtz
  3/2/2012HouseHouse Floor Amendment No. 2 Referred to Rules Committee
  3/5/2012HouseHouse Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 004-000-000
  3/22/2012HouseAdded Co-Sponsor Rep. Robyn Gabel
  3/22/2012HouseAdded Co-Sponsor Rep. Kelly M. Cassidy
  3/22/2012HouseAdded Co-Sponsor Rep. Kimberly du Buclet
  3/22/2012HouseSecond Reading - Short Debate
  3/22/2012HouseHeld on Calendar Order of Second Reading - Short Debate
  3/30/2012HouseRule 19(a) / Re-referred to Rules Committee
  1/8/2013HouseSession Sine Die