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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)

Unlike a Section 220 request for books and records under the Delaware General Corporation Law (“DGCL”), the books and records provision of the Delaware LLC Act (Section 18-305) can be
Continue Reading Delaware LLC Books and Records Demand: Requested Documents Must Be “Narrowly Tailored” to a Proper Purpose