Examlex
On July 4, 1776, delegates to the Second Continental Congress approved the
Benefit Corporation
A type of for-profit corporate entity that includes positive impact on society, workers, the community, and the environment in addition to profit as its legally defined goals.
Public Benefit
A positive impact or contribution to the wellbeing of the general public or community at large.
Materially Affected
A condition in which a party's rights, duties, or interests are significantly influenced or altered, typically in a legal or financial context.
Bylaws
The rules and regulations enacted by an organization or community to provide a framework for its operations and management.
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