TBA Law Blog


Posted by: Stacey Shrader Joslin on Apr 24, 2024

American Bar Association (ABA) Business Law Section has established a Model Business Corporation Act Resource Center, a web-based tool that provides easy, public access to the current version of the Model Business Corporation Act (MBCA). The MBCA is a model act promulgated and periodically amended by the section’s Corporate Laws Committee. It provides a modern body of statutory corporate law that is regularly updated by the committee based on judicial decisions, recent legislative enactments and other legal and technological developments. According to the ABA, Tennessee has adopted the MBCA and codified it in Tennessee Tenn. Code Ann. §§ 48-11-101 et seq. Read more in a news release from the group.