Senate Bill 215 (Chapter No. 2014-216) signed by the governor July 11 and effective January 1, 2015 authorizes the formation of benefit corporations.
Senate Bill 202 signed by the governor March 31 and effective July 1 enacted a benefit corporation law.
House Bill 1510 (Act No. 1388) signed by the governor April 19 and effective July 27 authorizes the formation of benefit corporations for a general public benefit and specific public benefits named in the articles or amendment to articles. Benefit
House Bill 1616 (Act No. 2012-152) signed by the governor October 24 and effective January 24, 2013 enables formation of benefit corporations and election of existing business corporations to become benefit corporations which have a purpose to benefit society and
Senate Bill 2897 (Public Act NO. 885) signed by the governor August 2 and effective January 1, 2013 created the Benefit Corporation Act including provisions concerning accountability and transparency. View details