In this subtitle the following words have the meanings indicated. “Benefit limited liability company” means a Maryland limited liability company that elects to be a benefit limited liability company in accordance with § 4A–1203 of this subtitle and has not ceased to be a benefit limited liability company through the operation of § 4A–1205 of this subtitle. “General public benefit” means a material, positive impact on society and the environment, as measured by a third–party standard, through activities that promote a combination of specific public benefits. “Specific public benefit” includes: Providing individuals or communities with beneficial products or services; Promoting economic opportunity for individuals or communities beyond the creation of jobs in the normal course of business; Preserving the environment; Improving human health; Promoting the arts, sciences, or advancement of knowledge; Increasing the flow of capital to entities with a public benefit purpose; or The accomplishment of any other particular benefit for society or the environment. “Third–party standard” means a standard for defining, reporting, and assessing best practices in social and environmental performance that: Is developed by a person or entity that is independent of the benefit limited liability company; and Is transparent because the following information about the standard is publicly available or accessible: The factors considered when measuring the performance of a business; The relative weightings of those factors; and The identity of the persons who developed and control changes to the standard and the process by which those changes were made.