• Doing Good AND Doing Well — New York's New Benefit Corporation Law
  • March 23, 2012 | Author: Cynthia G. Fischer
  • Law Firm: Schnader Harrison Segal & Lewis LLP - New York Office
  • On February 10, 2012, New York’s new Benefit Corporation Law went into effect, making New York the seventh state to enact benefit corporation legislation. Laws are also in effect in Maryland (the first, effective October 1, 2010), neighboring New Jersey (effective March 1, 2011), Vermont (effective July 1, 2011), Virginia (effective July 1, 2011), Hawaii (effective July 8, 2011), and California (effective January 1, 2012).