American Bar Association Model Business Corporation Act

The Model Business Corporation Act (2016 Revision) by the American Bar Association provides the official text along with official commentary and statutory cross-references. As the first complete revision of the Model Act since 1984, this text serves as a free-standing corporation statute designed for enactment by state legislation. It currently forms the basis for the general corporation statute in 32 states and the District of Columbia, while also serving as the source for many provisions in other state statutes. This publication is an essential reference for legal professionals, including lawyers, judges, and scholars. It is frequently cited in court proceedings and serves as a primary source of study and discussion in law schools across the United States and internationally. Whether used for legal research or academic instruction, this volume offers a comprehensive look at modern corporate law through its periodic updates and detailed commentary.