Chancery Addresses Authority of Executives to Remove Managers of Affiliate Entities
By EsqSocial Corporation 08/02/21
Roccia v. Mugica, C.A. No. 2020-0641-MTZ (Del. Ch. Dec. 29, 2020) - The inherent authority of officers of Delaware companies generally extends to powers in the usual and ordinary course of the relevant company’s business. Officers otherwise gain authority through either express grants from the company’s governing body or implied grants based on past practice....
By: Morris James LLP