Delaware Public Benefit Corporation Conversion Checklist | Practical Law

Delaware Public Benefit Corporation Conversion Checklist | Practical Law

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Delaware Public Benefit Corporation Conversion Checklist

Practical Law Checklist w-004-4526 (Approx. 5 pages)

Delaware Public Benefit Corporation Conversion Checklist

by Eric S. Klinger-Wilensky, and Melissa A. DiVincenzo, Morris, Nichols, Arsht & Tunnell LLP, with Practical Law Corporate & Securities
MaintainedDelaware, USA (National/Federal)
This Checklist summarizes the necessary steps for a traditional corporation to become a public benefit corporation (PBC) in Delaware. A PBC is similar to a traditional corporation, but has more requirements, including obligations to pursue one or more public benefits and to operate in a manner that considers the interests of those materially affected by its conduct.