Talk:Benefit corporation/Archives/2021

Corp name

I believe this statement "however in certain jurisdictions (especially Delaware), the terms "public benefit corporation" or "PBC" are also required to be in the legal name of B corporations." is incorrect as to Delaware. See: https://delcode.delaware.gov/title8/c001/sc15/ (section 362(c), emphasis added)

c) The name of the public benefit corporation *may* contain the words “public benefit corporation,” or the abbreviation “P.B.C.,” or the designation “PBC,” which shall be deemed to satisfy the requirements of § 102(a)(1)(i) of this title. *If the name does not contain such language,* the corporation shall, prior to issuing unissued shares of stock or disposing of treasury shares, provide notice to any person to whom such stock is issued or who acquires such treasury shares that it is a public benefit corporation; provided that such notice need not be provided if the issuance or disposal is pursuant to an offering registered under the Securities Act of 1933 [15 U.S.C. § 77r et seq.] or if, at the time of issuance or disposal, the corporation has a class of securities that is registered under the Securities Exchange Act of 1934 [15 U.S.C. § 78a et seq.]. — Preceding unsigned comment added by 73.120.253.201 (talk) 16:50, 26 October 2021 (UTC)