State by State Status of Benefit Corporation Legislation
The table below represents all the states which have, to date, considered legislation to enable firms to incorporate as "benefit corporations." For a listing of companies that have elected to become benefit corporations, please see my comprehensive listing of benefit corporations.
If you are aware of any errors or updates that need to be made, please let me know. You may copy this information as long as you give proper attribution. Links to this page are welcome, no permission required.
Craig R. Everett, PhD
Pepperdine University
craig.everett@pepperdine.edu
|
State |
Bill |
Status |
Date |
|
States Which Have Already Approved
Benefit Corporations |
|||
|
California |
AB361 |
Approved
by Governor |
10/9/2011 |
|
Hawaii |
SB 298 |
Approved
by Governor. Called Sustainable
Business Corporations. |
7/8/2011 |
|
Louisiana |
HB1178 |
Approved
by Governor (Effective 8/1/2012) |
5/31/2012 |
|
Maryland |
HB1009 |
Approved
by Governor |
4/13/2010 |
|
New
Jersey |
S2170 |
Approved
by Governor |
3/1/2011 |
|
New
York |
S00079 |
Approved
by Governor |
12/12/2011 |
|
South
Carolina |
S1405 |
Approved
by Governor (Effective 6/12/2012) |
6/12/2012 |
|
Vermont |
S0263 |
Approved
by Governor |
5/19/2010 |
|
Virginia |
HB2358 |
Approved
by Governor |
3/26/2011 |
|
Washington |
HB2239 |
Approved by Governor. Called Social Purpose Corporations. Third-party CSR standard is only required
if included in articles of incorporation. |
3/30/2012 |
|
|
|
|
|
|
States With Pending (or Failed) Benefit
Corporation Legislation |
|||
|
Alabama |
SB569 |
Referred
to Senate Judiciary Committee |
4/26/2012 |
|
Colorado |
SB182 |
Passed
Senate with Amendments, Failed to Pass House.
Likely to be re-introduced in 2013 |
5/15/2012 |
|
Connecticut |
HB05490 |
Referred
to Joint Judiciary Committee |
3/15/2012 |
|
Florida |
H0757 |
Died
in Business and Consumer Affairs Committee |
3/9/2012 |
|
Illinois |
SB2897 |
Passed
Senate. Passed House |
6/8/2012 |
|
District
of Columbia |
B19-0584 |
Referred
to Public Services Committee |
11/15/2011 |
|
Michigan |
S359 |
In
Committee: Senate Reforms, Restructuring And Reinventing Committee |
10/4/2011 |
|
Minnesota |
HF2499 |
Referred
to House Civil Law Committee |
3/27/2012 |
|
North
Carolina |
SB26 |
Re-referred
to House Commerce and Job Development Committee |
4/7/2011 |
|
Pennsylvania |
S433 |
Tabled |
12/7/2011 |
|
Wisconsin |
AB742 |
Failed
to Pass Senate |
3/23/2012 |
|
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|
