This article concerns New York's take on benefit corporation legislation. Benefit corporations, as the article explains, generally allow their directors and officers to consider some socially desirable goal while overseeing or conducting the business of the corporation. The article examines the contours and details of New York's implementation of this concept, and explains why corporations of all kinds might find this form to be attractive going forward.
- Summary by FizzLaw Team
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New York State Welcomes Benefit Corporations