[hluska]

I really don’t see it. PBCs are dual purpose entities - under charter, they have a dual purpose of making profit while adding some benefit to society. Profit is easy to define; benefit to society is a lot more difficult to define. That difficulty is reflected at the penalty stage where few jurisdictions have any sort of examination of PBC status.

This is what we were all going on about 15 years ago when Maryland was the first state to make PBCs legal. We got called negative at the time.