2020 House Bill 6311

Authorize “stakeholder capitalism” corporations

Introduced in the House

Oct. 14, 2020

Introduced by Rep. Kyra Bolden (D-35)

To amend the state business corporation act to accommodate the proposal in House Bill 6309 to authorize the formation of “benefit corporation” business entities whose purpose is not to maximize value for shareholders but to engage in various pro-social or pro-environmental activities as measured by a subjective “third-party standard".

Referred to the Committee on Government Operations