Summary
- The Committee approved the amendments to Sections 2.07 and 3.03 upon third and final reading without change.
The Business Lawyer
Changes in the Model Business Corporation Act—Amendments to Sections 2.07 and 3.03 Relating to Emergency Bylaws and Emergency Powers
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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 2.07 and 3.03 of the Model Act relating to emergency bylaws and emergency powers.
At its meeting on April 28, 2023, the Committee approved the amendments upon third and final reading without change.