December 7, 2012

Bill Clark Receives W. Edward Sell Business Lawyer Award

Philadelphia partner Bill Clark received the inaugural W. Edward Sell Business Lawyer Award, presented by the PBA Business Law Section for his “extraordinary contribution to the practice of business law.” The award was named for Edward Sell, a driving force behind the enactment of business corporation law in Pennsylvania. The presentation was reported in the Pennsylvania Bar Association E-Brief.

Bill was the principal author along with the late Sell and the late William Zeiter from Philadelphia of the Pennsylvania Business Corporation Law of 1988, which is credited with bringing the state's corporate law into the modern era. Bill also drafted the Pennsylvania Revised Uniform Limited Partnership Act and the Pennsylvania Limited Liability Company Law. He is also actively involved in numerous ongoing legislative projects, including revisions to the Nonprofit Corporation Law.

The Pennsylvania Bar Association E-Brief also included a picture of Bill with Pennsylvania Gov. Tom Corbett at the ceremonial signing of Act 152, which creates a new form of business entity in Pennsylvania known as a benefit corporation. The new benefit corporation form redefines the fiduciary duty of the directors of such a corporation allowing them to take non-financial interests into consideration when making decisions for the corporation.

To read the E-Brief, click here.

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