Arizona Statutes
§ 10-2421 — Corporate purposes
A.A benefit corporation shall have a purpose of creating general public benefit. This purpose is in addition to its purpose under section 10-301.
B.The articles of incorporation of a benefit corporation may identify one or more specific public benefits that it is the purpose of the benefit corporation to create in addition to its purposes under section 10-301 and subsection A of this section. The identification of a specific public benefit under this subsection does not limit the obligation of a benefit corporation under subsection A of this section.
C.The creation of general public benefit and a specific public benefit under subsections A and B of this section is in the best interests of the benefit corporation.
D.A benefit corporation may amend its articles of incorporation to add
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Nearby Sections
15
§ 10-1001
Authority to amend§ 10-1002
Amendment by board of directors§ 10-1005
Amendment before issuance of shares§ 10-1006
Articles of amendment§ 10-1007
Restated articles of incorporation§ 10-1008
Amendment pursuant to reorganization§ 10-1009
Effect of amendments§ 10-11001
Authority to amend§ 10-11002
Amendment by board of directors