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Corporate & Securities Law

: BusinessAssociationsBlog.com

Why not a MBCA or DGCL version of UPA (1997) 103(b)?

By Stephen Bainbridge

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A Business Associations student asked a very perceptive question today: Why don’t the Delaware General Corporation Law and the Model Business Corporation Act have a provision equivalent to UPA (1997) section 103(b)? To be sure, the close corporation shareholder agreement sections of the corporate statutes do some of the lifting done by 103(b) in the partnership code, but not all of...

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Full post as published by BusinessAssociationsBlog.com on December 09, 2008 (boomark / email).

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