Changes in the Model Business Corporation Act— Amendments to Chapter 7 and Related Provisions Relating to Shareholder Action Without a Meeting, Chapters 8 and 10 Relating to Shareholder Voting for the Election of Directors, and Chapter 13 Relating to

摘要

The Committee on Corporate Laws of the Section on Business Law (Committee) develops, and from time to time proposes changes in, the Model Business Corporation Act (Act). By publication after second reading in the August and November 2005 and the February 2006 issues of The Business Lawyer, the Committee proposed a number of amendments to (ⅰ) chapter 7 (and related sections) relating to shareholder action without a meeting, (ⅱ) chapters 8 and 10 relating to shareholder voting for the election of directors, and (ⅲ) chapter 13 relating to appraisal and other remedies for fundamental transactions.