Altering the purpose of a Maryland benefit corporation; clarifying that a director of a benefit corporation is required to perform the director's duties in accordance with a specified standard; authorizing a director to consider the effects of a specified action or decision; providing that a director may not be required to give priority to a specified interest or factor over any other interest or factor; etc.
Bill File Type: Regular
Effective Date(s): October 1, 2014
|Date Posted||Document Name|
|2/11/2014||Text - First - Maryland Benefit Corporations - Purposes, Duties of Directors, and Liability|
( 5-6C-01, 5-6C-06, 5-6C-07, 5-6C-09 )
Last Updated: 2/3/2020 2:30 PM