Benefit Enforcement Proceedings for the Benefit Corporation– What are they and How will they work?
So the intent seems clear. The question, however, may be this – what happens when a Benefit Corporation fails in its mission to create a general or specific benefit? The legislation sets forth that in the event that this happens, the appropriate recourse is what’s called “Benefit Enforcement Proceeding,” (“BEP” for short)...
by Eric Camm, Apex Law Group
