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Delaware Amends General Corporation Law Regarding Duty of Care

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 ....

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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

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

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