Examlex
An individual accused of a traffic violation,such as speeding,would be accused of violating a __________ law.
RMBCA
The Revised Model Business Corporation Act, which guides the incorporation and operation of corporations in many U.S. states.
Disinterested Directors
Board members who do not have a personal or financial interest in a corporate decision, ensuring unbiased governance.
Conflict of Interest
A situation where a person's private interests might influence or appear to influence their professional judgment or actions, potentially leading to ethical issues.
MBCA
Stands for the Model Business Corporation Act, a template for state statute that provides a standard for corporate law.
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