Election of status

(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 § 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. Added by Act 2013, No. 1388,§ 1, eff. 8/16/2013. (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 § 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. Added by Act 2013, No. 1388,§ 1, eff. 8/16/2013.