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Delaware Amends General Corporation Law Regarding Duty of Care - Vimarsana News

Delaware Amends General Corporation Law Regarding Duty of Care

Published: September 23, 2022

Delaware legislature adopted amendment to Section 102 of Delaware General Corporation Law permitting corporations to implement provision to eliminate or limit personal liability of certain officers for monetary damages for breach of fiduciary duty of care

Source: natlawreview.com
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Elimination Of The Duty Of Care In Delaware? Statutory Exculpation Of Officers: Recent Amendment To Section 102(B)(7) Of The Delaware General Corporation Law - Directors and Officers - Vimarsana News

Elimination Of The Duty Of Care In Delaware? Statutory Exculpation Of Officers: Recent Amendment To Section 102(B)(7) Of The Delaware General Corporation Law - Directors and Officers

Published: September 22, 2022

A Delaware corporation itself does not owe fiduciary duties to its stockholders and cannot be sued by its stockholders for breach.

Source: mondaq.com
Related Topics:
United StatesSanta Fe PacSimpson ThacherJosephm MclaughlinHolding CoLewis CoRural Metro CorpSociety For SavInstitutional Shareholders ServicesAdvisory FirmCorporation LawPolk Co IncRj CorpDelaware GeneralDelaware General AssemblyConsiderations Concerning Newly Amended SectionFiduciary DutyBad Faith ConductImproper PersonalIntentional MisconductLimits Monetary DamagesEquitable ReliefRelated ClaimsCertain CorporateProxy Advisory Firm