WebDelaware’s constitution requires a super-majority vote by the legislature to amend the corporation law, protecting the DGCL from one-time amendments proposed by special-interest groups or influential corporations. Web§101 (a) (b): Any person, partnership, or association can form a corporation as long as their business is lawful §102: Defines what is required on the Certificate of Incorporation §102 (b) (6): Shareholders are not liable for a corporation's debts
Delaware Law Update Weinberg Center for Corporate Governance
WebJan 13, 2024 · As of August 1, 2024, amended Section 102 (b) (7) allows a corporation's certificate of incorporation to include a provision exculpating Section 3114 (b) officers (including the president, CEO,... WebOct 11, 2024 · The Delaware Legislature closed this gap with an amendment to Section 102 (b) (7), signed by the Gov. John Carney on July 27, that allows companies to also exculpate corporate officers. However, the amendment does not allow for exculpation of officers to the same extent as for directors, and it does not apply to all officers of a corporation. sbmgrp-cvic g.softbank.co.jp
Amendment to Delaware General Corporate Law Expands Personal …
WebJun 3, 2016 · Presented by Public Information Officer Master Corporal Gary E. Fournier P.O. Box 430 Dover, DE 19903 Cell: 302.535.3706 [email protected] Felton, DE – Troopers are investigating a robbery of […] Read More. Print This Page. Page: 816 817 818 of 818 total pages. WebAug 1, 2024 · GENERAL CORPORATION LAW Personal Liability of Corporate Officers. The most significant change to the DGCL is the extension of Section 102(b)(7)’s … WebThe Result: With the now-effective amendment to Section 102 (b) (7) of the Delaware General Corporation Law, companies may extend limited exculpation protection to certain senior officers in addition to the more expansive exculpation afforded to directors. sbmg wine it