public benefit corporation

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public benefit corporation

n. a term used in some states for a non-profit community service corporation. Typical examples are service clubs like Kiwanis, Rotary, Soroptimists and Lions. (See: corporation)

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companies incorporated as Public Benefit Corporations across 30 states and the District of Columbia.
passed legislation creating the concept of a Public Benefit Corporation, a new type of for-profit corporation with an expressed commitment to creating a material, positive impact on society.
relevance to State agencies and public benefit corporations engaged in construction or
Its membership also includes energy service companies, public benefit corporations and energy consultants.
These programs have been administered by separate public benefit corporations, including the agency, as well as the Affordable Housing Corporation, the Homeless Housing and Assistance Corporation, and the Housing Trust Fund Corporation.
One local Minnesota firm is opening its doors to leaders of Public Benefit Corporations to ensure their successful start-up and longevity.
BBD, a business-for-business executive, leadership coaching and consulting firm, has relaunched its brand as the first business to file for Public Benefit Corporation status under the new law.
Underlying loan security provisions are strong with local governments providing general obligation pledges for the EFC loan obligations and public benefit corporations, such as water and sewer authorities, pledging system revenue, typically with a separate debt service reserve fund.
About Public Benefit Corporations Public Benefit Corporations are a new class of corporation that 1) creates a material positive impact on society and the environment; 2) expands fiduciary duty to require consideration of non-financial interests when making decisions; and 3) reports on its overall social and environmental performance using recognized third party standards.
Through the Public Benefit Corporation designation, Rasmussen College joins more than 850 companies spanning 60 industries.
In the decision, the California Court of Appeals upheld both the old and new charter school laws, including a provision permitting charter schools to be operated as nonprofit public benefit corporations.
The court specifically upheld the use of the nonprofit public benefit corporation law as a vehicle for the operation of charter schools.