Amendments to Delaware General Corporation Law

On March 25, Delaware amended two (2) sections of the Delaware General Corporation Law (“DGCL”) in response to reports that prominent corporations are considering leaving Delaware in light of several significant court decisions perceived as damaging to Delaware’s reputation as the preferred state of incorporation for major companies. The amendments target sections of the DGCL that govern the relationship between a corporation and its directors, officers, and stockholders......
By: Flaster Greenberg PC

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