Yeah, I know a law is just words written down... but what you're suggesting is not even what a PBC even is... you're suggesting something so radically different

Yeah, I know a law is just words written down... but what you're suggesting is not even what a PBC even is... you're suggesting something so radically different that it would be silly: 1. Corporate charters and form of incorporation are consensually chosen by those involved.... you're suggesting something that is in violation of that consent. This would have crazy unintended consequences. Remember that a corporation is not necessarily a business. Imagine an investment holding company, or a building cooperative, where the directors could have a blank check to use money for some unrelated public benefit. That's completely bonkers. 2. PBCs don't get to do any "action they deem to be in the best interests of society at large"... they get to do things that are in the interest of specific public benefit goals which they have defined in their charter and those are balanced with the interests of shareholders. Everyone involved knows and agrees with what these specific public benefits are, which is an important thing.