A domestic corporation, including a domestic corporation incorporated upon a conversion, may be incorporated as a benefit corporation by including in its original articles of incorporation a provision stating that the corporation is a benefit corporation governed by this chapter. The articles of incorporation also must include an identification of a specific public benefit purpose as required by Section 33-38-300.
S.C. Code Ann. § 33-38-200
Incorporation as a benefit corporation
Known as the South Carolina Benefit Corporation Act
The act spans §§ 33–33 (16 sections).
2012 Act No. 277, SECTION 1, eff June 14, 2012.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.