as introduced - 91st Legislature (2019 - 2020) Posted on 04/30/2019 09:06am
A bill for an act
relating to corporations; requiring corporations to act in the public interest and for
the general benefit; proposing coding for new law in Minnesota Statutes, chapter
300.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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A corporation organized under the laws of this state or a corporation authorized to do
business in this state shall conduct its activities in this state in a manner consistent with the
public interest and for the general benefit. The public interest and general benefit require
that a corporation make a corporate decision by considering, at a minimum, the effect of
the decision on:
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(1) the environment;
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(2) competition in price and quality;
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(3) the health, safety, and nutrition of customers, employees, and the public; and
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(4) justice and on the disposition of citizens to break or conform to the law.
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