kaal:claim:3017612-001

The 1991 passage of Section 7.32 of the Model Business Corporation Act triggered a wave of state authorization of shareholder control agreements, adopted specifically to secure the validity of such agreements rather than leaving validity to uncertain judicial development.

Source quote, verbatim

Since Section 7.32 of the Model Business Corporation Act (MBCA) was passed in 1991, most US states have authorized shareholder control agreements in an effort to support the validity of such agreements.

From

Wulf A. Kaal, Shareholder Agreements - National Report of the United States of America (2017), I. Nature of Corporate Law Regulation, p. 2
https://ssrn.com/abstract=3017612 · source PDF

Cite as

Wulf A. Kaal, Shareholder Agreements - National Report of the United States of America (2017). SSRN: https://ssrn.com/abstract=3017612

Holds when

United States state corporate law
post 1991

Classification

mechanismsupport: evidencedcorporate-governance

Verify

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Attestation record: colloquium/attestations/40e1cf862bb4cd90...json
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