TBA Law Blog

Posted by: Stacey Shrader Joslin on Dec 14, 2016

The American Bar Association (ABA) Business Law Section has published the 2016 version of the “Model Business Corporation Act,” offering the first complete revision of the book since 1984. The model act is a free-standing business corporation statute that can be enacted in its entirety by a state legislature. It is the basis for business corporation statutes in 32 states and Washington, D.C., and the source for many provisions in the general corporation statutes of other states, according to the section.