Articles

Delaware Public Benefit Corporation Guides

Morris Nichols attorneys Eric Klinger-Wilensky and Melissa DiVincenzo published three guides on Delaware public benefit corporations for Practical Law Corporate & Securities

Their Delaware Public Benefit Corporation Practice Note provides an overview of public benefit corporations organized in Delaware. It highlights the special provisions that apply to this type of corporation, including how public benefit is defined, duties of directors, notice and reporting requirements, and the conversion process.

The authors’ Certificate of Incorporation: Public Benefit Corporation Provisions Standard Clause contains integrated notes with important explanations and drafting tips.

The helpful Delaware Public Benefit Corporation Conversion Checklist summarizes the necessary steps for a traditional corporation to become a public benefit corporation (PBC) in Delaware. A PBC is similar to a traditional corporation, but has more requirements, including obligations to pursue one or more public benefits and to operate in a manner that considers the interests of those materially affected by its conduct.

# # #

Eric S. Klinger-Wilensky, Melissa A. DiVincenzo, “Public Benefit Corporations (DE),” Practical Law Corporate & Securities (August 2020).

Eric S. Klinger-Wilensky, Melissa A. DiVincenzo, “Certificate of Incorporation (DE): Public Benefit Corporation Provisions,” Practical Law Corporate & Securities (August 2020).

Eric S. Klinger-Wilensky, Melissa A. DiVincenzo, “Delaware Public Benefit Corporation Conversion Checklist,” Practical Law Corporate & Securities (August 2020).

 

Read more from Morris Nichols on related topics:

Delaware's Leading
Legal Practice Publications


Electronic versions of Morris Nichols’ companion booklets are available for free download.