Foreword
Drafted by the ABA Business Law Section Corporate Laws Committee, the 2016 revision to the Model Business Corporation Act is the first complete revision of the Model Act since 1984. The Model Business Corporation Act is a free-standing business corporation statute that can be enacted in its entirety by a state legislature. The Model Act is the basis for the business corporation statute in 32 states and the District of Columbia, and is the source for many provisions in the general corporation statutes of other states. It is an important and often cited reference for courts, lawyers, and scholars, as well as a useful source of study and discussion in law schools in the U.S. and elsewhere.
Log In to view your rate
Unlock the discounted member rate
Join first as a member, and then purchase this product at special member pricing
The Model Business Corporation Act (2016 Revision) is the first complete revision of the Model Act since 1984. The Model Act is a free-standing corporation statute that can be enacted in its entirety by a state legislation. It is the basis for the general corporation statute in 32 states and the District of Columbia, and is the source for many provisions in the general corporation statutes of other states. It is an important and often cited reference for courts, lawyers, and scholars, as well as a useful source of study and discussion in law schools in the U.S. and elsewhere. Through periodic amendments, the Model Act has evolved in significant ways since 1984. This evolution, however, has been incremental and has not been published in a comprehensive form that could be easily adopted by state legislatures as a means to capture all the changes since 1984. Nor had there been any systematic attempt to revise the Model Act to eliminate inconsistent terminology and adjust provisions that had become outdated since the 1984 revision.
Accordingly, beginning in 2010, the Business Law Section’s Corporate Laws Committee has undertaken a thorough review and revision of the Model Act and its Official Comment. This effort has resulted in the adoption and publication of the Model Business Corporation Act (2016 Revision). The 2016 Revision is based on the 1984 version and incorporates the amendments to the Model Act published in supplements regularly thereafter, with changes to both the Act and its Official Comment. Also included are notes on adoption and revised transitional provisions that are intended to facilitate legislative consideration in adopting the new version of the Model Act. The Committee intends and hopes that the publication of the 2016 Revision will encourage state legislatures—in states that have already adopted all or a substantial part of the Model Act and in other states as well—to consider adopting the Model Act in full and thereby bring their corporate statutes into line with recent developments in corporate law.
ABA Publishing
Corporate Laws
9781634257770
9781634257770
576
5070732EBK
7x10
1/5/2017 12:00:00 AM
Audio and Video | On-Demand CLE
American Rescue Plan Act Changes to the Affordable Care Act Marketplaces, Medicaid, CHIP, and COBRA [CC]
Audio and Video | On-Demand CLE
Banks, Fintechs, and Places of 'Public Accommodation': Litigation and Compliance Under the Americans with Disabilities Act [CC]
Audio and Video | On-Demand CLE
The 2022 Midterm Congressional Elections and Their Impact on Business Lawyers [CC]
Sep
16
Events | Webinar
Workplace Authenticity: Sharing Our Diverse Stories to Cultivate Greater Understanding and Allyship
With passage of legislation such as the Crown Act and at a time of discourse regarding what it means to "be your authentic self" and to "bring your whole self to work," it is important to move beyond…
Sep
13
Events | Webinar
YLR/YER Training Session
Please join YLR/YER Program Co-Coordinators Caiti Zeytoonian and Barbara Samaniego to learn more about your role as a YLR/YER for the ABA Antitrust Law Section in the 2022-2023 Section Year.
Sep
21
Events | Webinar
The Rights of Seniors from an English and European Perspective
What issues are affecting seniors in England, Wales and Europe? Are they different from those in the US? What proposed rules are being discussed and proposed that will affect seniors?