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Latest blogosphere posts tagged “stockholder”
Boris v Schaheen, C.A. 8160-VCN (December 2, 2013) This is an example of a corporate nightmare for failing to follow the requirements to validly issue stock. Delaware law requires that the stock issuance be reflected by a "written instrument," not just some oral agreement. Moreover, the Court of Chancery ...2 weeks ago
The Ravenswood Investment Company L.P. v. Winmill, C.A. 3730-VCN (November 27, 2013) Section 228 of the DGCL sets out the requirements to act by stockholder consent. Here, the Court notes that each stockholders signature should be separately dated. While somewhat forgiving of a failure to observe all the ...3 weeks ago