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In recent months, a conversation has emerged as to whether Delaware should remain the favored state of incorporation for business entities. Indeed, many of our clients have asked us...
A judge canceled Trump Organization's NY charter, dissolving the company. Two veteran Manhattan financial crimes prosecutors describe what's next.
Corporate Charters - Who Are Parties? Tuesday, February 23, 2021 Last summer, I considered the question of whether bylaws constitute a contract under California law. "While a corporate charter operates in some respects as part of a contractual arrangement among the stockholders and the corporation and its board, the entity and its directors are not contractually bound to one another by the charter—they are not counter-parties—and the legal compulsion for directors to comply with the charter arises as part of their fiduciary duties, and not in contract." Lacey v. Mota-Velasco...