Mississippi House Bill 952 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 6-0)
Status: Failed on March 3 2020 - 100% progression
Action: 2020-03-03 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

An Act To Create The "mississippi Benefit Corporation Act"; To Provide That A Corporation Subject To The Mississippi Benefit Corporation Act May Be Simultaneously Subject To The Mississippi Business Corporation Act And The Mississippi Professional Corporation Act; To Provide Certain Definitions; To Require A Benefit Corporation To Be Incorporated In Accordance With The Mississippi Business Corporation Act; To Provide That A Business Corporation May Elect To Become A Benefit Corporation; To Provide That A Benefit Corporation May Terminate Its Benefit Corporation Status; To Require A Benefit Corporation To Have A Purpose Of Creating General Public Benefit; To Specify The Standard Of Conduct For Benefit Corporation Directors; To Authorize The Board Of Directors Of A Benefit Corporation To Designate A Benefit Director; To Specify The Standard Of Conduct For Officers; To Authorize A Benefit Corporation To Designate A Benefit Officer; To Limit The Liability Of Benefit Corporations For Certain Actions Regarding Its Failure To Pursue General Public Benefit; To Require A Benefit Corporation To Prepare An Annual Benefit Report; To Require A Benefit Corporation To Send Its Benefit Report To Shareholders And Make It Available On Its Website Or Provide Copies Upon Request; To Bring Forward Sections 79-4-2.01, 79-4-2.02, 79-4-2.03, 79-4-2.04, 79-4-2.05, 79-4-2.06, 79-4-2.07, 79-4-3.01, 79-4-7.40, 79-4-7.48, 79-4-8.08, 79-4-8.09, 79-4-8.30, 79-4-8.41, 79-4-8.42 And 79-10-19, Mississippi Code Of 1972, For Purposes Of Possible Amendment; To Amend Section 79-4-11.04, Mississippi Code Of 1972, To Make Certain Technical Amendments; And For Related Purposes.

Mississippi Benefit Corporation Act; create.

Rep. Christopher Bell [D]	Rep. John Hines [D]	Rep. John Faulkner [D]	Rep. Bryant Clark [D]
Rep. Ronnie Crudup [D]	Rep. Jarvis Dortch [D]

Date	Chamber	Action
2020-03-03	House	Died In Committee
2020-02-14	House	Referred To Judiciary A;Ways and Means

Type	Source
Summary	https://billstatus.ls.state.ms.us/2020/pdf/history/HB/HB0952.xml
Text	https://billstatus.ls.state.ms.us/documents/2020/html/HB/0900-0999/HB0952IN.htm