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Connecticut Adopts Benefit Corporation Act; Businesses May Operate For Public Benefit
Connecticut has joined the ranks of 25 other states and the District of Columbia by adopting an act that permits formation of benefit corporations, or B Corps. The Connecticut Benefit Corporation Act (the Act) constitutes sections 140-154 of the state budget act (PA 14-217) that Governor Dannell Malloy signed on June 13. The provisions take effect on October 1.
United States
30 Jun 2014
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