The Revised Model Business Corporation Act is a federal statute effecting corporations.

Name: The Revised Model Business Corporation Act is a federal statute effecting corporations.
Brand: Quizplus
Rating: 4.7 (51 reviews)

Question

Quizplus · Accepted Answer

The Revised Model Business Corporation Act (RMBCA) is not a federal statute, but a model law proposed by the American Bar Association to serve as a guide for state corporation laws. Each state can choose to adopt some or all of its provisions.

The Revised Model Business Corporation Act Is a Federal Statute