New Jersey § 14a:18-5
Full text of New Jersey New Jersey Statutes § 14a:18-5, with citation guidance and answers to common questions.
§ 14a:18-5.
a. Every benefit corporation shall have the purpose of creating a general public benefit. This purpose is in addition to, and may be a limitation on, its purpose under its
certificate of incorporation and any specific purpose set forth in its certificate
of incorporation. b. The certificate of incorporation of a benefit corporation may identify one or more
specific public benefits that is the purpose of the benefit corporation to create
in addition to its purposes under its certificate of incorporation and subsection
a. of this section. The identification of a specific public benefit under this subsection 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 subsections
a. and b. of this section, shall be in the best interests of the benefit corporation. d. A benefit corporation may amend its certificate of incorporation to add, amend
or delete a specific public benefit that 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.
Frequently Asked Questions About New Jersey § 14a:18-5
What does New Jersey Statutes § 14a:18-5 cover?
Section 14a:18-5 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 14a:18-5?
A common citation format is "New Jersey Statutes § 14a:18-5" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 14a:18-5 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.