Often times parties will include a forum selection clause in a contract or operating agreement to govern the forum in which disputes between such parties must be brought. When a
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Delaware Chancery
Sections 204 and 205 of the Delaware General Corporation Law Enacted
On April 1, 2014, new provisions of the Delaware General Corporation Law (the DGCL) went into effect, Sections 204 and 205 of the DGCL.
Section 204 of the DGCL provides…
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Delaware LLC Books and Records Demand: Requested Documents Must Be “Narrowly Tailored” to a Proper Purpose
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…
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Delaware LLC Books and Records Demand: Stating a “Proper Purpose”
As discussed in the prior post, Section 18-305 of the Delaware Limited Liability Company Act (the “LLC Act”), allows any member or manager of a Delaware limited liability company…
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Delaware LLC “Books and Records” Demand
A member or manager of a Delaware limited liability company may wish to obtain access to the company’s books and records. Such information can be useful in determining, for example,…
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