chevron-down Created with Sketch Beta.

The Business Lawyer

Summer 2023 | Volume 78, Issue 3

Changes in the Model Business Corporation Act—Amendments to Sections 1.43 and 2.08 and Chapter 7D Relating to Derivative Proceedings

Corporate Laws Committee

Summary

  • The Committee approved the amendments to Sections 1.43 and 2.08 and Chapter 7D Relating to Derivative Proceedings upon third and final reading without change.
Changes in the Model Business Corporation Act—Amendments to Sections 1.43 and 2.08 and Chapter 7D Relating to Derivative Proceedings
iStock.com/gremlin

Jump to:

The Corporate Laws Committee of the ABA Business Law Section (the “Committee”) from time to time makes changes in the Model Business Corporation Act (the “Model Act”).

By publication after second reading in the Winter 2022–2023 issue of The Business Lawyer, the Committee proposed amendments to sections 1.43 and 2.08 and Chapter 7D of the Model Act relating to derivative proceedings.

At its meeting on April 28, 2023, the Committee approved the amendments upon third and final reading without change.