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Model Business Corporation Act
A model set of laws prepared by legal experts to guide the states in the development of their corporation statutes.
UCC
Known as the Uniform Commercial Code, this significant body of law sets the standards for commercial transactions throughout the United States.
Uniform
Consistently the same in character or degree; in legal contexts, it often refers to laws that are the same across all jurisdictions within a certain area.
Preincorporation Contract
Agreements entered into on behalf of a corporation not yet formally established, often by its founders or promoters.
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