Under the Model Business Corporation Act (MBCA), a prospective shareholder may not revoke a preincorporation subscription for a six-month period, in the absence of a contrary provision in the subscription.

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According to the Model Business Corporation Act (MBCA), a prospective shareholder may not revoke a preincorporation subscription for a six-month period, unless there is a contrary provision in the subscription agreement.

Under the Model Business Corporation Act (MBCA), a Prospective Shareholder