Legislation
SECTION 1701
Application and effect of article
Business Corporation (BSC) CHAPTER 4, ARTICLE 17
§ 1701. Application and effect of article.
(a) This article shall be applicable to all benefit corporations.
(b) The existence of a provision of this article shall not of itself
create any implication that a contrary or different rule of law is or
would be applicable to a business corporation that is not a benefit
corporation. This article shall not affect any statute or rule of law
that is or would be applicable to a business corporation that is not a
benefit corporation.
(c) Except as otherwise provided in this article, this chapter shall
be applicable to all benefit corporations. The specific provisions of
this article shall control over the general provisions of this chapter.
(d) A provision of the certificate of incorporation or bylaws of a
benefit corporation may not relax, be inconsistent with or supersede any
provision of this article.
(a) This article shall be applicable to all benefit corporations.
(b) The existence of a provision of this article shall not of itself
create any implication that a contrary or different rule of law is or
would be applicable to a business corporation that is not a benefit
corporation. This article shall not affect any statute or rule of law
that is or would be applicable to a business corporation that is not a
benefit corporation.
(c) Except as otherwise provided in this article, this chapter shall
be applicable to all benefit corporations. The specific provisions of
this article shall control over the general provisions of this chapter.
(d) A provision of the certificate of incorporation or bylaws of a
benefit corporation may not relax, be inconsistent with or supersede any
provision of this article.