As the MBCA forms the basis of corporation laws of most states(235),…
The provisions that regulate distributions are relatively more relaxed in the US…
In the US, this relaxed regime on distributions is balanced with protective mechanisms.…
It is suggested that one lesson the European corporation law can draw from the American…
In the UK solvency declaration is regulated for private companies in cases when a…
Another characteristic of the US system is that it applies the incorporation theory…