From the program: Delaware's Old Rules and New Statutes: Corporate Mistakes, Consequences, and Solutions
Released on: Apr. 9, 2015
Taken from the briefing Delaware's Old Rules and New Statutes: Corporate Mistakes, Consequences, and Solutions recorded March, 2015 in New York.
Under longstanding Delaware case law, including STAAR Surgical, when a corporation fails to follow the procedures set forth in its certificate, bylaws or the Delaware General Corporation law when authorizing or executing corporate action, the action taken may be void or voidable. In many cases, ...