Bill Summary for H 616 (2017-2018)

Printer-friendly: Click to view
Bill: NORTH CAROLINA PUBLIC BENEFIT CORPORATION ACT.

Summary date: 

Apr 19 2017

Bill Information:

View NCGA Bill Details2017-2018 Session
House Bill 616 (Public) Filed Wednesday, April 5, 2017
AN ACT TO ENACT THE NORTH CAROLINA PUBLIC BENEFIT CORPORATION ACT.
Intro. by McGrady, Dobson, Ross, Zachary.

View: All Summaries for BillTracking:

Bill summary

House committee substitute makes the following change to the 1st edition.

Amends proposed GS 55-18-05 (Transition to public benefit corporation status). Requires unanimous approval of the outstanding shares of a corporation entitled to vote for a corporation to transition to a public benefit corporation, either by amending its articles of incorporation, or through merger.