2013 New York Consolidated Laws
BSC - Business Corporation
Article 17 - (1701 - 1709) BENEFIT CORPORATIONS
1704 - Election of an existing business corporation to become a benefit corporation.


NY Bus Corp L § 1704 (2012) What's This?
 
  § 1704. Election of an existing business corporation to become a benefit
  corporation.
    (a) A business corporation may become a benefit corporation under this
  article by amending its certificate of incorporation so that it contains
  a statement that the corporation is a benefit corporation. The amendment
  shall  not  be  effective  unless  it is adopted by at least the minimum
  status vote.
    (b) Any corporation that is not a benefit corporation that is a  party
  to  a  merger  or  consolidation  in which the surviving or consolidated
  corporation will be a benefit  corporation  must  approve  the  plan  of
  merger  or consolidation by at least the minimum status vote in addition
  to  any  other  vote  required  by  this  chapter,  the  certificate  of
  incorporation or the bylaws.
    (c) Any corporation that is not a benefit corporation that is party to
  a  merger  or consolidation in which shares of stock of such corporation
  will be converted into a right to receive shares of stock of  a  benefit
  corporation must approve the plan of merger or consolidation by at least
  the  minimum  status vote in addition to any other vote required by this
  chapter, the certificate of incorporation or the bylaws.

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