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- Title
Proposed (Revised) Changes to the Model Business Corporation Act-New Chapter 17 on Benefit Corporations.
- Authors
the Corporate Laws Committee ABA Business Law Section
- Abstract
The article reports the approval by the American Bar Association's (ABA) Corporate Laws Committee of the proposed amendments to the Model Business Corporation Act, particularly the addition of a new chapter on benefit corporations. Other topics include appraisal rights, the receiving of benefit corporation shares during merger, share exchange, or conversion, as well as the need for shareholder support on appraisal rights.
- Subjects
BENEFIT corporations (Business structure); CORPORATION law; LEGISLATIVE amendments; VALUATION; AMERICAN Bar Association
- Publication
Business Lawyer, 2019, Vol 74, Issue 4, p1177
- ISSN
0007-6899
- Publication type
Article