Recently, I came across a proxy statement for a California corporation that stated the vote required for shareholder action on several proposals was "the affirmative vote of the majority of the shares represented at the Annual Meeting and entitled...
I continue to read confused statements in proxy statements about the vote required for shareholder action. The default voting rule in Delaware is found in Section 216(2) of the Delaware General Corporation Law:
In all matters other than the...
ANY QUESTIONS REGARDING CALIFORNIA CORPORATE AND SECURITIES LAW? CONTACT US DIRECTLY
We offer expert advice with the intricacies of California law.
Our years of experience and expertise allow us to help clients navigate the business laws in California.CONTACT US
Get the latest news and analysis about California Corporate & Securities law. Subscribe to our newsletter today!