Section 281(b) of the Delaware General Corporation Law (the “DGCL”) makes clear that as to future claims, the dissolved corporation shall adopt a plan of distribution pursuant to which the
Continue Reading Delaware Dissolution Procedures: The Extent of Potential Director Liability
DGCL Section 281
Receiver Request Denied For Corporation Which Held No Assets Other Than Liability Insurance Policies
By Fox Rothschild LLP on
A recent case decided by the Delaware Court of Chancery is important for any corporation considering a dissolution which will still have liability insurance coverage for years after its dissolution…