Maureen Gershanik to Present on the Model Business Corporation Act at ABA Business Law Fall Meeting

On September 19, 2025, Fishman Haygood partner Maureen Gershanik will present on “75 Years Young: The Model Business Corporation Act and Its Relevance for Corporate Law Today” at the American Bar Association’s (ABA) Business Law Fall Meeting 2025 in Toronto. Maureen and fellow panelists will explore the history of the Model Act, its notable provisions, and the process of continuously monitoring and updating it. The discussion will also highlight the differences between the Model Act and Delaware law. Learn more about the multi-day conference here.

The Model Business Corporation Act (MBCA) is designed as a “free-standing general corporation statute that can be enacted substantially in its entirety by a state legislature.” Initially promulgated and approved by the Corporate Laws Committee of the ABA’s Business Law Section in 1950, the Model Act provides a standardized framework for corporate law, which includes direction on areas like formation, governance, director conduct, and more. To date, thirty-four states (including Louisiana) and the District of Columbia and Guam have adopted the MBCA. Access the MBCA Resource Center to learn more.

Appointed members of the ABA’s Corporate Laws Committee, like Maureen, play an active role in overseeing and revising the Model Act. This role is one of the most significant responsibilities of the Business Law Section, particularly as members not only must stay abreast of new legal ideas but also actively respond to and incorporate such business changes. Read more about Maureen’s business law reform efforts both nationally and in Louisiana.

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