Corporation Law Structural Flow Chart (Model Business Corporation Act)Business Associations: Professor Gordon Christy

Formation and Organization

Financial Rights Shareholder RulesVoting and Approval

Rights

Management RightsDirectors / Officers

Management Duties

Amendments Merger and Asset Sales

Dissolution and Liquidation

Incorporators (§2.01)

Liability of Shareholders (§6.22)

*7.32*Shareholder Meetings(§7.01, §7.02, §7.03)

Shareholder Agreements(§7.32)

Indemnification of Officers(§8.56)

Standards of Conduct – Directors(§8.30)

Amendments to ArticlesAuthority to Amend

(§10.01)

Definitions (§11.01)

By Incorporators or Initial Directors(§14.01)

Articles (§2.02)

Authorized Shares Common & Preferred

(6.01 / 6.02)

Notice of Meeting(§7.05)

Board of Directors’ Powers of Oversight

(§8.01)

Insurance(§8.57)

Director’s Liability(§8.31)

Before Issuance of Shares(§10.02)

Merger(§11.02)

By Board of Directors & Shareholders

(§14.02)Incorporation

(§2.03)Issued & Outstanding

(6.03)Waiver of Notice

(§7.06)Qualification, Number &

Election of Directors(election at annual

shareholder’s meeting)(§8.02 / §8.03)

Limitation(§8.59)

Standards of Conduct of Officers(§8.42)

By Board of Directors and Shareholders

(§10.03)

Share Exchange(§11.03)

Articles of Dissolution(§14.03)

Liability for Pre-Incorporation Transactions

(§2.03)

Issuance of Shares & Consideration

(6.21)

Record Date (§7.07)

Class Election(§8.04)

Special Articles Amendments by Board

of Directors(§10.05)

Directors’ Liability for Unlawful Distributions

(§8.33)(See §640)

Voting on Amendments(§10.04)

Action on a Plan of Merger or Share Exchange

(§11.04)

Revocation of Dissolution(§14.04)

Organization(§2.04)

Share Dividends(6.23)

Conduct of Meeting (§7.08)

Terms of Office1-3 Years

Reduction in Number(§8.05)

Certain Dispositions of Assets

(§12.01)

Directors’ Conflicting Interest Transactions

(§8.60 - §8.63)

By Board of Directors(§10.05)

Merger btw Parent and Subsidiaries or btw

Subsidiaries(§11.05)

Effect of Dissolution(§14.05)

Bylaws (§2.06)

Share CertificatesForm and Content

(§6.25)

Unanimous Written Consent of Shareholders

(§7.04)

Staggered Terms(§8.06)

Inspection of Records(§16.05) Maintenance of Corporate

Records

Articles of Amendment(§10.06)

Articles of Merger or Share Exchange(§11.06)

Known and Other Claims Against Dissolved

Corporations(§14.06 - §14.07)

Purposes (§3.01)

Shares without Certificates

(§6.26)

Voting(§7.20, §7.21, §7.22)

Resignation(§8.07)

Shareholder Inspection Rights

(§16.02, §16.03, §16.04)

Corporate Records(§16.01)

Restated Articles of Incorporation

(§10.07)

Effect of Merger or Share Exchange(§11.07)

Court Proceedings(§14.08)

General Powers (§3.02)

Share Transfer Restrictions

(§6.27)

Quorum(§7.25)

Removal and Vacancies(§8.08, §8.09, §8.10)

Inspection of Records by Shareholders

(§16.02)

Amendment Pursuant to Reorganization

(§10.08)

Abandonment of a Merger or Share Exchange

(§11.08)

Director Duties(§14.09)

Ultra Vires (§3.04)

Preemptive Rights(§6.30)

Election of Directors & Cumulative Voting

(§7.28)

Compensation(§8.11)

Scope of Inspection Right(§16.03)

Effect of Amendment(§10.09)

Right to Appraisal and Payment for Shares

(§13.01- §13.03)

Grounds for Administrative Dissolution

(§14.20)Corporate Name

(§4.01)Repurchase of Shares

(§6.31)Voting Agreements

(§7.31)Directors’ Meetings

(§8.21, §8.22, §8.23, §8.24)Court-Ordered Inspection

(§16.04) Amendments to BylawsAppraisal Rights

(§13.20)Procedure & Effect

(§14.21)Reserved Name

(§4.02)Distributions to

Shareholders*(§6.40)*

Voting Trusts(§7.30)

Action by Unanimous Written Consent

(§8.21)

Inspection of Records by Directors(§16.05)

Amendment by Board of Directors or Shareholders

(§10.20)

Notice of Intent to Demand Payment(§13.21)

Reinstatement after Administrative Dissolution

(§14.22)Registered Name

§4.03)Note: Characteristics of Common and Preferred

Shares

Voting on Article Amendments

(§10.03 / §10.04)

Appointment of Officers(§8.40)

Exception to Notice Requirement

(§16.06)

Bylaw Increasing Quorum or Voting Requirement for

Directors(§10.21)

Appraisal Notice and Form(§13.22)

Appeal from Denial of Reinstatement

(§14.23)

Registered Officer / Agent (§5.01)

Director’s Liability(§8.33)

Voting on Bylaw Amendments

(§10.20)

Functions of Officers(§8.41)

Financial Statements for Shareholders

(§16.20)

Perfection of Rights; Right to Withdraw

(§13.23)

Grounds and Procedure for Judicial Dissolution(§14.30 - §14.31)

Service on Corporation (§5.04)

Voting on Merger(§11.04)

Resignation / Removal(§8.43)

Other Reports to Shareholders

(§16.21)

Payment(§13.24)

Receivership or Custodianship

(§14.32)See 1.23, 1.28, 1.41 Voting on Asset

Dispositions(§12.02)

Contract Rights(§8.44)

After-Acquired Shares(§13.25)

Decree of Dissolution(§14.33)

Dissolution by Board of Directors & Shareholders

(§14.02)

Indemnification: Directors(§8.50, §8.51, §8.52)

Procedure for Dissatisfied Shareholder

(§13.26)

Election to Purchase in Lieu of Dissolution

(§14.34)Note: Inspection Rights

(§16.02 - §16.03)Advances of Expenses

(§8.53)Judicial Appraisal(§13.30 - §13.31)