2024 Amendments to the Delaware General Corporation Law
September 2024
Publication| Corporate Transactions| Corporate Governance| Mergers & Acquisitions| Special Committees & Investigations
On July 17, 2024, the Governor of the State of Delaware signed legislation enacting several significant changes to the Delaware General Corporation Law (DGCL). The 2024 amendments became effective on August 1, 2024, and apply to all contracts made by a corporation, all agreements, instruments or documents approved by the board of directors, and all agreements of merger or consolidation entered into by a corporation, in each case whether made or approved before or after August 1, 2024. The 2024 amendments do not, however, apply to or affect any civil action or proceeding completed or pending before August 1, 2024.