(a) An existing business corporation may become a benefit corporation under this chapter by amending its articles of incorporation so that they contain, in addition to the requirements of ยง 4-27-202, a statement that the corporation is a benefit corporation.
(b) To be effective, an amendment shall be adopted by at least the minimum status vote.
(c) If an entity is not a benefit corporation but is a constituent corporation or organization in a merger or conversion with a benefit corporation, the merger or conversion shall be approved by at least the minimum status vote.
Section: Previous 4-36-102 4-36-103 4-36-104 4-36-105 4-36-106 NextLast modified: November 15, 2016