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A Shareholder Consent In Its Dotage May Or May Not Be Valid

California Corporations Code Section 603(a) broadly authorizes shareholder action by written consent:

Unless otherwise provided in the articles, any action that may be taken at any annual or special meeting of shareholders may be taken without a...

Delaware General Corporation Law, record date, section 228, Corporate Governance, Action by written consent, Corporations Code, Section 603, Section 701

How The Proposed Fix To Delaware's Stockholder Consent Statute Can Be Fixed

Earlier this week, I wrote about a proposed amendment to Section 228 of the Delaware General Corporation Law.  The amendment, which is proposed by The Corporate Council of the Corporation Law Section of the Delaware State Bar, would essentially...

Delaware General Corporation Law, record date, Section 213, section 228, Corporate Governance, dgcl, earliest dated consent, stockholder, written consent

After 25 Years, Delaware Begins To See The Light

A quarter century ago, I wrote a brief piece criticizing how Delaware handled stockholder action by written consent:

Another difficulty with section 228 arises from its focus on the date of the "earliest dated consent delivered" to the corporation....

section 228, Corporate Governance, Corporate Council, draft legislation, stockholder action by consent, written consent

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ABOUT OUR AUTHOR

30172DBAB0084D3A8F39D7AF0A8E79BC.ashxKeith Paul Bishop
Partner at Allen Matkins
(949) 353-6328
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