§ 5–6C-06
Statutes in effect as of October 1, 2026.
Md. Code Ann., Corps. & Ass'ns § 5-6C-06 (2026)
Title 5. Special Types of Corporations
Subtitle 6C. Benefit Corporations
§ 5–6C-06LinkCopy Citation
(a)
(1)
Each benefit corporation shall have the purpose of creating a general public benefit.
(2)
The purpose described in paragraph (1) of this subsection is in addition to, and may be a limitation on, the purposes of the corporation under § 2–101 of this article.
(b)
(1)
In addition to its purposes under § 2–101 of this article and subsection (a) of this section, the charter of a benefit corporation may identify as one of the purposes of the benefit corporation the creation of one or more specific public benefits.
(2)
The identification in its charter of a specific public benefit purpose under paragraph (1) of this subsection does not limit the obligation of a benefit corporation to create a general public benefit.
(c)
The creation of a general public benefit or specific public benefit as provided in subsections (a) and (b) of this section is in the best interests of the benefit corporation.