                                 CODE OF VIRGINIA

CORPORATE PURPOSES (§ 13.1-787)

A. A benefit corporation shall have as one of its purposes the purpose of
creating a general public benefit. The articles 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. A specific public benefit may also
be specified in the bylaws or otherwise adopted by the board of directors. This
purpose is in addition to its purpose under &#xA7; 13.1-626.

B. The creation of a general public benefit and one or more specific public
benefits, if any, under subsection A is in the best interests of the benefit
corporation.

C. A benefit corporation may amend its articles 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, which amendment shall be adopted in
accordance with the procedures set forth in &#xA7; 13.1-707.

HISTORY: 2011, c. 698.