WebJan 13, 2024 · DGCL § 211(b). If the annual meeting is not held within 13 months of the prior meeting, a stockholder may petition the Court of Chancery to direct that a meeting be held. DGCL § 211(c). The right to a meeting is so important that even bankruptcy cannot justify not holding a meeting. Saxon Indus., Inc. v. NFK Partners, 488 A.2d 1298 (Del. Ch ... WebDGCL Sec. 242 - Amendments to Certificate. Brian JM Quinn. Export Reading mode BETA. Like a constitution, a corporation's certificate of incorporation may be amended at any point in the future. It is not a "forever" contract. A board of directors together with the corporation's stockholders can amend a certificate of incorporation. Section 242 ...
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Web5 6. § 242. Amendment of certificate of incorporation after receipt of payment for stock; nonstock corporations. 7. (a) After a corporation has received payment for any of its … WebSep 17, 2013 · Retirement of stock. (a) A corporation, by resolution of its board of directors, may retire any shares of its capital stock that are issued but are not outstanding. (b) Whenever any shares of the capital stock of a corporation are retired, they shall resume the status of authorized and unissued shares of the class or series to which they belong ... circles of care data breach
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Web(a) Any 2 or more corporations existing under the laws of this State may merge into a single corporation, which may be any 1 of the constituent corporations or may consolidate into a new corporation formed by the consolidation, pursuant to an agreement of merger or consolidation, as the case may be, complying and approved in accordance with this section. WebDec 4, 2014 · DGCL 102 (b) (7) § 102. Contents of certificate of incorporation. (b) In addition to the matters required to be set forth in the certificate of incorporation by subsection (a) of this section, the certificate of incorporation may also contain any or all of the following matters: (7) A provision eliminating or limiting the personal liability of ... WebApr 2, 2024 · In the four and a half years since the Delaware legislature adopted Section 251(h) of the Delaware General Corporation Law (DGCL) and offered streamlined mechanics for closing two-step mergers, Delaware practitioners have made increasing use of the provision. The provision, subject to certain conditions, permits an acquiror’s near … circles of answering ffxiv