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Which of the Following Statements Regarding Benefit Corporations Is True

Question 8

Multiple Choice
Which of the following statements regarding Benefit Corporations is true?
A) Benefit corporations are required to identify one or more specific benefit purposes.
B) Directors of benefit corporations are protected from all lawsuits from both shareholders and beneficiaries of the corporation's public benefit purpose.
C) Benefit corporations are incorporated under state law with the intent to be profitable.
D) All of these statements regarding benefit corporations are true.

Which of the following statements regarding Benefit Corporations is true?


A) Benefit corporations are required to identify one or more specific benefit purposes.
B) Directors of benefit corporations are protected from all lawsuits from both shareholders and beneficiaries of the corporation's public benefit purpose.
C) Benefit corporations are incorporated under state law with the intent to be profitable.
D) All of these statements regarding benefit corporations are true.

Correct Answer:

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