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New Corporate Form in Delaware

July 31, 2013

A seismic shift has occurred in American corporate law. On Thursday, Delaware will become the 19th state to permit the incorporation of, and merger or conversion into, a benefit corporation. Benefit corporation law has also been enacted in California, New York, New Jersey, Vermont, Maryland, Virginia, Louisiana, South Carolina, Arizona, Arkansas, Colorado, Massachusetts, Nevada, Oregon, Hawaii, Illinois, Rhode Island, Vermont and the District of Columbia. Ten other states have introduced the legislation.

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Jonathan Storper

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