Connecticut Seal

General Assembly

Amendment

 

February Session, 2014

LCO No. 5126

   
 

*SB0002305126SRO*

Offered by:

 

SEN. FASANO, 34th Dist.

 

To: Subst. Senate Bill No. 23

File No. 603

Cal. No. 397

"AN ACT CONCERNING BENEFIT CORPORATIONS AND ENCOURAGING SOCIAL ENTERPRISE. "

After line 177, insert the following:

"(c) If a benefit corporation that adopts a legacy preservation provision subsequently amends its certificate of incorporation to delete any provision stating that such corporation is subject to a legacy preservation provision, such corporation shall no longer be subject to such provision. "

In lines 174, 197, 199 and 202, strike "has adopted" and insert "is subject to"

In line 177 and 215 strike "have adopted" and insert "are subject to"

In lines 179, 185, 195, 205 and 210, strike "adopts" and insert "is subject to"