Mergers & Acquisitions,
Corporate
Jul. 13, 2017
Ruling clarifies ability to ratify corporate acts
The Delaware Court of Chancery ruled that Section 204 of the General Corporation Law of the State of Delaware could not be used to ratify a corporate act taken by a corporation that a majority of its stockholders refused to authorize because that refusal was not a defective corporate act.
Marc Boiron
Associate
Rutan & Tucker LLP
Email: mboiron@rutan.com
Marc focuses his practice on transactional matters involving emerging and mid-market companies in the areas of California and Delaware corporate laws.
Morgan McCombe
Associate
Rutan & Tucker LLP
611 Anton Blvd Fl 14
Costa Mesa , California 92626
Email: mmccombe@rutan.com
Morgan focuses his practice on transactional matters involving emerging and mid-market companies in the areas of California and Delaware corporate laws. He is an associate in the Orange County office of Rutan & Tucker, LLP.
TRANSCATIONS WITH BOIRON
InPaul Nguyen v. View, Inc., the Delaware Court of Chancery ruled that Section 204 of the General Corporation Law of the State of Delaware could not be used to ratify a corporate act taken by a corporation that a majority of its stockholders refused to authorize because that refusal was not a defective corporate act.
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