{"data":{"id":"us-ri/r.i.-gen.-laws-7-5.3-4","jurisdiction":"us-ri","citation":"R.I. Gen. Laws § 7-5.3-4","heading":"Election of benefit corporation status.","body":"(a) An existing corporation may become a benefit corporation under this chapter by amending its articles of incorporation so that they contain, in addition to the requirements of § 7-1.2-202, a statement that the corporation is a benefit corporation. In order to be effective, the amendment must be adopted by at least the minimum status vote.\n(b) If an entity that is not a benefit corporation is a party to a merger or conversion and the surviving or resulting entity in the merger or consolidation is to be a benefit corporation, the merger or conversion must be approved by the entity by at least the minimum status vote.","path":["Title 7 Corporations, Associations, and Partnerships","Chapter 5.3 Benefit Corporations"],"source_url":"https://webserver.rilegislature.gov/Statutes/TITLE7/7-5.3/7-5.3-4.htm","current_through":"site files published 2025-08-13","vintage":"","retrieved_at":"2026-09-05T18:58:54Z","sha256":"e7805ef90402750600f51f761815a143e1852d0a2610fcdddd265412e80b3e34","source_id":"us-ri","stale":true,"prev":"us-ri/r.i.-gen.-laws-7-5.3-3","next":"us-ri/r.i.-gen.-laws-7-5.3-5"},"notice":"GroundRules: Original legal text. Not legal advice."}