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IANAL, but the statute this is using is only a year old, so the answer will likely "we can guess, but don't know for sure until there is caselaw behind it"

Until recently most public benefit corporations were specifically chartered by the government (e.g. USPS, CPB), but a number of states have created a law for privately establishing them recently.




Wow, that's really interesting. Did not expect it to be something so new. I'm going to have to read more about this ...




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