N.Y. Business Corporation Law § 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.