8 Del. C. Section 281

In the prior post, a discussion was provided regarding the limitation of liability of directors of a dissolved corporation following either the “elective” or “default” dissolution procedures.  This article…
Continue Reading “Elective” vs. “Default” Dissolution Procedures of Delaware Corporations: Potential Extent of Director Liability (Part II)

Under the statutory dissolution scheme in Delaware, corporations have two options to wind up and liquidate their assets: through the “elective” or “default” dissolution procedures.  These are also referred to…
Continue Reading “Elective” vs. “Default” Dissolution Procedures of Delaware Corporations: Potential Limitation of Director Liability