Under Sections 204 and 205 actions of the DGCL, Delaware corporations may petition the Court of Chancery to ratify otherwise defective corporate actions. To read prior blog post summarizing these
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DGCL Section 205
Supreme Court Affirms Chancery’s Section 204 and 205 Rulings
By Fox Rothschild LLP on
On October 22, 2015, the Delaware Supreme Court affirmed the Delaware Court of Chancery’s ruling in the action Boris v. Schaheen, No. 121, 2015 (Del. Oct. 22, 2015). As…
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Section 205 Actions Further Clarified
By Fox Rothschild LLP on
Section 205 of the DGCL provides the Court of Chancery with broad powers to fashion declaratory and other appropriate remedies, and specifies considerations to be weighed by the Court of…
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Sections 204 and 205 of the Delaware General Corporation Law Enacted
By Fox Rothschild LLP on
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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