2013 New York Consolidated Laws
BSC - Business Corporation
Article 17 - (1701 - 1709) BENEFIT CORPORATIONS
1706 - Corporate purposes.

 
  § 1706. Corporate purposes.
    (a) Every benefit corporation shall have a purpose of creating general
  public  benefit.  This  purpose  is  in  addition  to its purposes under
  section two hundred one of this chapter and  any  specific  purpose  set
  forth  in  its  certificate of incorporation under paragraph (b) of this
  section. The purpose  to  create  general  public  benefit  shall  be  a
  limitation  on  the other purposes of the benefit corporation, and shall
  control over any inconsistent purpose of the benefit corporation.
    (b) The certificate of incorporation  of  a  benefit  corporation  may
  identify  one or more specific public benefits that it is the purpose of
  the benefit corporation to create in  addition  to  its  purposes  under
  section  two  hundred  one  of  this  chapter  and paragraph (a) of this
  section. The identification of a  specific  public  benefit  under  this
  paragraph  does  not  limit  the  obligation of a benefit corporation to
  create general public benefit.
    (c) The creation of general and specific public benefits  as  provided
  in  paragraphs  (a)  and (b) of this section is in the best interests of
  the benefit corporation.
    (d) A benefit corporation may amend its certificate  of  incorporation
  to  add, amend or delete the identification of a specific public benefit
  that it is the  purpose  of  the  benefit  corporation  to  create.  The
  amendment  shall  not  be effective unless it is adopted by at least the
  minimum status vote.