Massachusetts General Laws
Title XXII - Corporations
Chapter 156e - Benefit Corporations

Section 1 - Short Title - Section 1. This chapter shall be known and may be...

Section 2 - Definitions - Section 2. As used in this chapter, the following words...

Section 3 - Compliance With Chapters 156a and 156d; Authority of This Chapter Over Articles of Organization, Bylaws or Shareholder Agreement of Benefit Corporation - Section 3. (a) Except as otherwise provided in this chapter,...

Section 4 - Organization of Benefit Corporation - Section 4. A benefit corporation shall be organized under either...

Section 5 - Election by Existing Corporation to Convert to Benefit Corporation - Section 5. An existing corporation organized under chapter 156A or...

Section 6 - Termination of Status as Benefit Corporation - Section 6. A benefit corporation may terminate its status as...

Section 7 - Prohibition Against Advertising as Benefit Corporation Without Full Compliance With This Chapter - Section 7. A business corporation organized under the laws of...

Section 8 - Creation for Benefit Corporation Resulting From Merger, Share Exchange or Conversion - Section 8. (a) An entity that is not a benefit...

Section 9 - General Public Benefit; Specific Public Benefit - Section 9. (a) In addition to its purposes under chapter...

Section 10 - Board of Directors, Committees and Individual Directors; Consideration of Best Interests of Corporation; Non-Liability for Monetary Damages - Section 10. (a) In discharging the duties of their respective...

Section 11 - Benefit Director; Powers and Duties; Election and Removal Annual Shareholder's Report; Non-Liability - Section 11. (a) The board of directors of a benefit...

Section 12 - Officers; Consideration of Interests and Factors of Sec. 10, Subsec. (A); Non-Liability for Monetary Damages - Section 12. (a) Each officer of a benefit corporation shall...

Section 13 - Benefit Officer; Powers and Duties - Section 13. (a) A benefit corporation may have an officer...

Section 14 - Benefit Enforcement Proceeding - Section 14. (a)(1) The duties under this chapter and the...

Section 15 - Annual Benefit Report - Section 15. (a) A benefit corporation shall prepare an annual...

Section 16 - Timing of Annual Benefit Report Sent to Shareholders; Posting on Website; Copy to State Secretary - Section 16. (a) The annual benefit report shall be sent...