The Model Business Corporation Act is a state statute that, like the UCC, has been adopted by all of the states in the United States to make state incorporation statutes uniform throughout the United States.

Question

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The Model Business Corporation Act (MBCA) is a recommendation for state corporation statutes, but it has not been adopted by all states. States have the option to adopt it in whole, in part, or not at all, leading to variations in corporate law across the United States.

The Model Business Corporation Act Is a State Statute That