Model Business Corporation Act

The Model Business Corporation Act (MBCA) is a set of laws that provides a standard framework for incorporating and managing corporations in the United States. It covers rules for forming a corporation, governing its operations, issuing shares, and protecting shareholders and directors. Its goal is to create consistent, fair regulations that facilitate business operations while safeguarding stakeholders’ interests. While adopted by many states, each jurisdiction may modify it to suit local needs. Essentially, it offers a comprehensive blueprint to help businesses operate legally, transparently, and efficiently.