§ 2514 Special Purpose Report Definition

This law tells us that a “special purpose current report” is the yearly report that a social purpose corporation has to file, as required by Section 3501.

Key Takeaways

•The term only applies to social purpose corporations.
•It means the yearly report that those corporations must file.
•The exact details of the report are found in Section 3501.
•The definition became effective on January 1, 2015.

Example

A company that was created to help the community, like a nonprofit‑style business, must send a special report to the state each year.

Because the company is a social purpose corporation, it has to prepare the special purpose current report just like the law says, so the state knows what the company is doing.

This law tells us that a “special purpose current report” is the yearly report that a social purpose corporation has to file, as required by Section 3501.

Key Takeaways

•The term only applies to social purpose corporations.
•It means the yearly report that those corporations must file.
•The exact details of the report are found in Section 3501.
•The definition became effective on January 1, 2015.

Example

A company that was created to help the community, like a nonprofit‑style business, must send a special report to the state each year.

Because the company is a social purpose corporation, it has to prepare the special purpose current report just like the law says, so the state knows what the company is doing.

Key Takeaways

Example

Key Terms

References

§ 2514 Special Purpose Report Definition

Key Takeaways

Example

Key Terms

References

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References