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The Model Business Corporation Act (MBCA) is a model act promulgated and periodically amended by the Corporate Laws Committee of the Business Law Section of the American Bar Association (Committee). The MBCA had been adopted by 36 states and other jurisdictions. [1] The MBCA provides a modern body of statutory corporate law that is regularly ...
v. t. e. In United States corporation and business association law (particularly Delaware law and the Revised Model Business Corporation Act ), a duty of care is part of the fiduciary duty owed to a corporation by its directors. The other aspects of fiduciary duty are a director's duty of loyalty and (possibly) duty of good faith.