Widener Law Professor Lawrence A. Hamermesh
has been selected as the reporter for the Corporate Laws Committee of the American Bar Association Business Law Section.
The committee promulgated the Model Business Corporation Act in 1950 and continues to review and revise it. The Act serves as a general corporate statute for 24 states, and sections of it are included in the general corporation laws of even more states that have not adopted the Act in its entirety. Courts, attorneys and scholars frequently cite it.
As reporter, Hamermesh, Widener’s Ruby R. Vale Professor of Corporate and Business Law, will supervise publication of periodic supplements to the Model Business Corporation Act Annotated. That includes the Act and its official comments, historical descriptions of the development of Model Act provisions, state-by-state lists of statutes comparable to each of the Model Act provisions, summaries of judicial decisions dealing with such statutes and relevant law review articles.
He will also work with top corporate attorneys and law professors throughout the United States and Canada, who bring their extensive expertise in corporation law to bear in developing legislative solutions to evolving problems in corporate law.
Widener Law fourth-year student Harrison S. Carpenter of Newtown Square, Pa. will assist Hamermesh with the reporter duties by serving as the ABA Model Business Corporation Act Fellow. The fellowship involves acting as a clerk to Hamermesh, a position that offers an exceptional learning experience and opportunity to participate in the work of the ABA Business Law Section.
“I’m very pleased to have the help of a hard-working and perceptive student like Harrison Carpenter, and Widener students like him in the future,” Hamermesh said. “I am eagerly looking forward to working with the Corporate Laws Committee and the ABA staff in producing a valuable professional publication and participating generally in the work of the committee.”
Hamermesh had served as a regular elected member of the Corporate Laws Committee from 2001 to 2007. He replaces Professor Michael Dooley of the University of Virginia, the long-time reporter who stepped down at the end of 2012.
Hamermesh began teaching on Widener’s Wilmington, Del. campus in 1994 after spending 18 years practicing at Morris, Nichols, Arsht & Tunnell in Wilmington – the last nine of which were as partner. He teaches and writes in the areas of corporate finance, mergers and acquisitions, securities regulation, business organizations, corporate takeovers and professional responsibility., He directs Widener’s Institute of Delaware Corporate and Business Law