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)

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.
References in periodicals archive ?
Petitioner Fourth Estate Public Benefit Corporation (Fourth Estate) is a news organization producing online journalism.
requirement" on public benefit corporation directors who must
The merger, subject to regulatory approvals, is expected to be completed in 1Q17 and will operate as a tax-exempt public benefit corporation under a new name.
Jayme Illien, founder of the International Day of Happiness, and Illien Global Public Benefit Corporation, gained the support for the idea of the new International Day of Happiness from the President of the UN General Assembly and United Nations Secretary General Ban Ki-moon, as well as all 193 UN member states to draft and adopt a new UN resolution to create the new international day, the International Day of Happiness.
A public benefit corporation, the Trust is one of the largest outside of London and brings together the Freeman Hospital, Royal Victoria Infirmary and Campus for Ageing and Vitality.
A task force at Connect for Health Colorado (C4HCO), Colorado's state-based exchange, is looking into setting up C4HCO Public Benefit Corp., a public benefit corporation that could sell vision insurance, life insurance, and supplemental health insurance products such as critical illness insurance and accident insurance.
The WELL standard is administered by the International WELL Building Institute (IWBI), a public benefit corporation whose mission is to improve human health and wellbeing through the built environment.
* Elizabeth Doran has left her post as executive director at Pasadena Playhouse in California, to take a position with San Diego Theatres, a nonprofit public benefit corporation that manages the San Diego Civic Theatre and the Balboa Theatre.
She can form a low-profit limited liability company, (1) benefit limited liability company, (2) benefit corporation, (3) public benefit corporation, (4) or social purpose corporation (5) to pursue dual missions simultaneously.
Delaware, for example, is specific about a public benefit corporation's shareholder's ability to sue directors to enforce their duties--including the duty to balance shareholder pecuniary interests with the other interests that benefit corporations contemplate.
The case concerns whether defendant Dignity Health-a California-based not-for-profit public benefit corporation that operates hospitals and ancillary care facilities-should conform its defined benefit (DB) pension plan to the Employee Retirement Income Security Act (ERISA), or whether the plan is exempt from ERISA because it is a "church plan," as that statute defines them.
The Port was created in 1963 as a public benefit corporation by the State of California and contributes approximately 0.6 billion in annual economic benefit to the region.