Definition ∞ A Corporate Act is a legislative enactment that governs the formation, operation, and dissolution of companies and other corporate entities within a specific legal system. This body of law defines shareholder rights, director duties, reporting obligations, and corporate governance standards. It provides the legal framework for businesses, including those in the digital asset sector.
Context ∞ For entities operating in the digital asset space, adherence to the Corporate Act is fundamental for legal establishment and ongoing operations. Compliance ensures proper governance, financial reporting, and protection for investors and stakeholders. As crypto businesses seek mainstream acceptance, conforming to traditional corporate structures gains importance.
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