A books and records demand made under Section 220 of the Delaware General Corporation Law (“DGCL”), must, among other things, state a “proper purpose”, and the categories of documents
Continue Reading Books and Records Action: Demand Cannot be Expanded Mid-Litigation
proper purpose
Delaware LLC Books and Records Demand: Stating a “Proper Purpose”
By Fox Rothschild LLP on
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…
Continue Reading Delaware LLC Books and Records Demand: Stating a “Proper Purpose”
Books and Records Demand
By Fox Rothschild LLP on
Section 220 of the Delaware General Corporation Law (“DGCL”) provides the means by which a stockholder can make a demand for the books and records of a Delaware corporation. The…