New DE Law Allows Public Benefit Corporations - 47 ABC - Delmarva's Choice

New DE Law Allows Public Benefit Corporations

Posted: Updated:

WILMINGTON, Del. (AP) - Gov. Jack Markell is signing legislation enabling the formation of public benefit corporations in Delaware.
    
The legislation to be signed Wednesday allows the formation of for-profit companies that seek to balance the bottom line with social consciousness.
    
Public benefit corporations are managed not only for the benefit of stockholders, as most corporations are, but also for community and public interests.
    
A dozen other states, including New York, California and neighboring Maryland, already recognize public benefit corporations.
    
Administration officials have said the addition will enhance Delaware's status as the leading state for corporate law. Delaware is the legal home of more than 1 million legal entities, including many of the nation's largest publicly traded corporations.


(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • Local NewsDelmarva HeadlinesMore>>

  • Grants Available For Vets, Minority Farmers In Va.

    Grants Available For Vets, Minority Farmers In Va.

    Thursday, July 31 2014 12:26 PM EDT2014-07-31 16:26:10 GMT
    RICHMOND, Va. (AP) - Grants are being made available for minority farmers and ranchers and military veteransMore >>
     RICHMOND, Va. (AP) - Grants are being made available for minority farmers and ranchers and military veteransMore >>
  • Delaware Woman Gets Prison Time For Embezzlement

    Delaware Woman Gets Prison Time For Embezzlement

    Thursday, July 31 2014 12:15 PM EDT2014-07-31 16:15:29 GMT
    WILMINGTON, Del. (AP) - A Delaware woman has been sentenced to a year in federal prison after pleading guilty to embezzling more than $350,000 from Discover Financial Services in New Castle.More >>
    WILMINGTON, Del. (AP) - A Delaware woman has been sentenced to a year in federal prison after pleading guilty to embezzling more than $350,000 from Discover Financial Services in New Castle.More >>
  • Rolex Passed Among Jurors In Ex-Va. Gov Trial

    Rolex Passed Among Jurors In Ex-Va. Gov Trial

    Thursday, July 31 2014 12:02 PM EDT2014-07-31 16:02:33 GMT
    RICHMOND, Va. (AP) - A key witness in the corruption trial of former Virginia Gov. Bob McDonnell testified that he made a mistake when he bought a Rolex watch for the governor at the first lady's request.More >>
    RICHMOND, Va. (AP) - A key witness in the corruption trial of former Virginia Gov. Bob McDonnell testified that he made a mistake when he bought a Rolex watch for the governor at the first lady's request.More >>
  • Most Popular StoriesMost Popular StoriesMore>>

  • Trimper's Amusements in OC May Face Lawsuit

    Trimper's Amusements in OC May Face Lawsuit

    Wednesday, July 30 2014 10:20 PM EDT2014-07-31 02:20:59 GMT
    OCEAN CITY, Md. - Trimper's Amusements in Ocean City may be facing a $1 million dollar personal injury lawsuit. 47 ABC reported on Sunday that Daily Record of Baltimore announced the lawsuit, but theMore >>
    OCEAN CITY, Md. - Trimper's Amusements in Ocean City may be facing a $1 million dollar personal injury lawsuit.More >>
  • Herd Control Achieved

    Herd Control Achieved

    Wednesday, July 30 2014 12:07 AM EDT2014-07-30 04:07:55 GMT
    BERLIN, Md.- Just about 20 years into its horse control program, the National Park Service on the Maryland side of Assateague Island, is claiming victory.More >>
    BERLIN, Md.- Just about 20 years into its horse control program, the National Park Service on the Maryland side of Assateague Island, is claiming victory.More >>
  • Hello Hollywood? Ocean Gallery Talks Small Screen Potential

    Hello Hollywood? Ocean Gallery Talks Small Screen Potential

    Wednesday, July 30 2014 6:10 PM EDT2014-07-30 22:10:14 GMT
    OCEAN CITY, Md. - In the last 50 years, there hasn't been as much of a constant for the Ocean City Boardwalk as the iconic Ocean Gallery.But they may be packing up shop and heading out West for a chanceMore >>
    OCEAN CITY, Md. - In the last 50 years, there hasn't been as much of a constant for the Ocean City Boardwalk as the iconic Ocean Gallery.More >>
Powered by WorldNow
Powered by WorldNow All content © Copyright 2000 - 2014 WorldNow and WMDT. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.