Section 1. Section 1 of this Act amends § 122. New § 122(18) sets forth certain types of provisions that may be included in contracts between a corporation and its current or prospective stockholders or beneficial owners of its stock, even if those provisions are not set forth in, or referenced as a fact ascertainable in, the certificate of incorporation pursuant to § 141(a). The Court of Chancery recently observed that “[t]he expansive use of stockholder agreements suggests that grea...| legis.delaware.gov
Proposed changes to Delaware’s General Corporation Law would upend more than a century of corporate fiduciary law.| delawarecall.com
Amid political division in the House, former chancellor William Chandler took shots at chancellors McCormick and Laster for speaking out against the bill.| delawarecall.com
Vice Chancellor Laster calls amendments a “major surgery” to Delaware law.| delawarecall.com
“Why the rush?” asked Chancellor Kathaleen McCormick in a letter to the state bar, whose members drafted the amendments to the corporate code.| delawarecall.com
To the Honorable Members of the Delaware Legislature: We write to express our opposition to the proposed amendment to Section 122(18) of the Delaware ...| The Harvard Law School Forum on Corporate Governance