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The Delaware General Corporation Law (sometimes abbreviated DGCL), officially the General Corporation Law of the State of Delaware (Title 8, Chapter 1 of the Delaware Code), is the statute of the Delaware Code that governs corporate law in the U.S. state of Delaware. [1] The statute was adopted in 1899.
Weinberger v. UOP, Inc., 457 A.2d 701 (Del. 1983), [1] is a case concerning United States corporate law in the context of mergers and "squeeze outs". In Delaware squeeze-out mergers are subject to a two prong entire fairness test.
Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., 506 A.2d 173 (Del. 1986), [1] was a landmark decision of the Delaware Supreme Court on hostile takeovers. The Court declared that, in certain limited circumstances indicating that the "sale" or "break-up" of the company is inevitable, the fiduciary obligation of the directors of a target corporation are narrowed significantly, the singular ...
"Delaware is the king of corporate law." Elon Musk is threatening to move the state of incorporation for Tesla, his half-a-trillion-dollar company, from Delaware to Texas after a judge in the ...
Our corporation law provides great flexibility to shareholders in creating the capital structure of their firm. See, e.g., Providence and Worcester Co. v. Baker, Del. Supr., 378 A.2d 121 (1977). Differing classes of stock with differing voting rights are permissible under our law, 8 Del. C. § 151(a); Topkis v.
While Delaware’s Chancery Court has a reputation for rigorously enforcing corporate law, it would be premature for Musk to find fault solely because McCormick overruled his 2018 pay package ...
Delaware is the home to more than 1.8 million corporations, more than the number of residents in the state. The Court of Chancery handle corporate internal affairs litigation (such as shareholder disputes and merger disputes) according the Delaware General Corporation Law, the statute governing corporations in Delaware. As a result, it is a hub ...
In addition to links to the actual opinions of the court, it provides links to commentary by leading scholars from around the United States on Delaware corporate law and alternative business entities. This law blog is listed on the Harvard Law School Corporate Governance blog on their blogroll. [2] Its reports have been mentioned several times ...