HB 1154
establish public benefit corporations in South Dakota.
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- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill establishes public benefit corporations in South Dakota, allowing for-profit companies to pursue social or environmental goals alongside financial gain. It outlines specific requirements for these corporations, including a clear statement of their public benefit purpose in their articles of incorporation and the use of third-party standards to measure their impact. The bill also addresses how existing corporations can transition to this status and provides a mechanism for holding them accountable for fulfilling their stated public benefit goals.
Sponsors
Official sponsors from legislative records.
Primary sponsors
Erik Muckey
Cosponsors
Nicole Uhre-Balk
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