Model Business Corporation Act as Adopted in Louisiana
Morris, Glenn G.
Abstract
The article looks at the adoption of customized version of the Model Business Corporation Act in Louisiana, replacing Louisiana Business Corporation Law (LBCL) as of January 1, 2015. It informs that Model Act is the product of the Committee on Corporate Laws of the Section of Business Law of the American Bar Association. It mentions the Model law address set of rules for the execution, filing, and reduces the number of required documents for creating corporation.