One consequence of the recent and far-reaching revisions to the financial provisions of the Model Business Corporation Act (hereafter the "Model Act") is to re-focus attention on the significance of the elusive concept of equity insolvency as it affects corporate distributions.
Daniel T. Murphy,
Equity Insolvency and the New Model Business Corporation Act,
U. Rich. L. Rev.
Available at: http://scholarship.richmond.edu/lawreview/vol15/iss4/5