Section 1 of the bill enacts the "Invest in Colorado Act", and authorizes the creation of benefit corporations. A benefit corporation must have, as one of its purposes specified in its articles of incorporation, the goal of creating general public benefit. The bill establishes the requirements for a corporation to be created as, or to elect to become, a benefit corporation, including:

• The election and termination of benefit status;
• The promotion of general public benefit as a purpose of thecorporation;
• Standards of accountability for the conduct of directors andofficers of a benefit corporation;
• Designation of a benefit director;
• Rights of action in benefit proceedings; and! The preparation and availability of annual benefit reports.
• The preparation and availability of annual benefit reports. 

Section 2 specifies dissenters' rights for shareholders of a benefit corporation. Section 3 clarifies that an offer or sale of a security of a benefit corporation is not a solicitation for purposes of the "Colorado Charitable Solicitations Act" if the offer or sale complies with the "Colorado Securities Act".