Which of the Following Statements Regarding Benefit Corporations Is True

question 3

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.

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Definitions:

Juneteenth

An annual holiday commemorating the June 19, 1865, announcement of the abolition of slavery in Texas, and more broadly the emancipation of enslaved African Americans throughout the Confederate South.

Ku Klux Klan

A white supremacist hate group in the United States known for its racist, anti-immigrant, anti-Catholic, and anti-Semitic beliefs and acts of violence.

Department of Justice

A federal executive department of the U.S. government responsible for the enforcement of the law and administration of justice.

Cruikshank V. U.S.

Cruikshank v. U.S. (1876) was a landmark U.S. Supreme Court decision that limited the federal government's ability to intervene in cases of racial violence, weakening the enforcement of civil rights for African Americans.